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Short-term strategies for Dutch wind power producers to reduce imbalance costs

J.P. Chaves, R.A. Hakvoort, A. Ramos

The paper assesses bidding strategies for a wind power producer in the Netherlands.To this end, a three-stages tochastic optimization framework is used, maximizing wind power producerís profit using the day-ahead and cross-border intraday market, taking into account available interconnection capacity. Results show that the wind power producer can increase its profits by trading on the intraday market and - under certain imbalance prices - by intentionally creating imbalances. It has been considered uncertainties about prices, power forecast and interconnection capacity at the day - ahead and intraday time frames.

Keywords: Bidding strategies, wind power, stochastic programming

Energy Policy. Volume: 52 Pages: 573-582

JCR Impact Factor and Scopus quartile: 2.696 - Q1 (2013); 4.039 - Q1 (2017).

DOI reference: DOI icon 10.1016/j.enpol.2012.10.011    

Published on paper: January 2013.

J.P. Chaves, R.A. Hakvoort, A. Ramos. Short-term strategies for Dutch wind power producers to reduce imbalance costs. Energy Policy. vol. 52, pp. 573-582, January 2013.

    Topics research:
  • *Green energy integration

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