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In the last decades power systems witnessed the implementation of an organizational and operational restructuring that lead to the introduction of competitive mechanisms in some activities of the value chain. This is the case of generation and retailing with the development of wholesale and retail markets. These developments together with a renewed emphasis on the adoption of more sustainable solutions...
Wind power introduces a new challenge to system operators. Unlike conventional power generation sources, wind power generators supply intermittent power because of uncertainty in its resource. In a power system involved large-scale wind power generation scenario, wind intermittency could oblige the system operator to allocate a greater reserve power, in order to compensate the possible mismatch between...
Wind energy on a power system alters the unit commitment and dispatch problem, as it adds a stochastic element due to the uncertainty of wind power forecasts. By explicitly taking into account the stochastic nature of wind power, it is expected that better schedules should be produced, thereby reducing costs on the system. This paper compares a stochastically optimised unit commitment and dispatch...
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