A risk-averse optimization model for trading wind energy in a market environment under uncertainty

In this paper, a stochastic programming approach is proposed for trading wind energy in a market environment under uncertainty. Uncertainty in the energy market prices is the main cause of high volatility of profits achieved by power producers. The volatile and intermittent nature of wind energy rep...

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Bibliographic Details
Main Author: Pousinho, Hugo Miguel Inácio (author)
Other Authors: Mendes, Victor (author), Catalão, João Paulo da Silva (author)
Format: article
Language:eng
Published: 2013
Subjects:
Wind energy
Stochastic programming
Uncertainty
Risk aversion
Value-at-risk
System-analysis
Power
Procurement
Generation
Strategies
Forecasts
Online Access:http://hdl.handle.net/10400.21/2068
Country:Portugal
Oai:oai:repositorio.ipl.pt:10400.21/2068

Internet

http://hdl.handle.net/10400.21/2068

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