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With the rapidly increasing penetration of wind power, wind producers are becoming increasingly responsible for the deviation of the wind power output from the forecast. Such uncertainty results in revenue losses to the wind power producers (WPPs) due to penalties in ex-post imbalance settlements. This paper explores the opportunities available for WPPs if they can purchase or schedule some reserves...
The impact of wind power generation on the reserve levels has been studied in this paper through the simulation of a one-year daily unit commitment schedule for a benchmark power system. The case study shows that under the hybrid “N-1” plus “ 3σ ” security criterion, there exists a complex relationship among reserve levels, wind penetration and the relative size the conventional units. When such units...
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