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In a deregulated power market, the real-time wholesale market price of electricity varies dramatically within a single day due to the availability of the resources. Moreover, the price of electricity can be different from one location to the other at the same time period due to the location of the available resources and transmission constraints. This is the so-called locational marginal price (LMP)...
In a deregulated power market, the real time wholesale market price of electricity varies dramatically within a single day due to the availability of the resources. Because of the available resources and transmission constraints, the price of electricity can be different from one location to the other at the same time period. This is so called Locational Marginal Price (LMP). Since wind power is non-controllable...
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