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Optimal Hydro-Wind Power Generation for Day-Ahead Pool Market

Silva, A. J. C. ; Mariano, S.J.P.S. ; Calado, M.R.A.

IEEE Latin America Transactions Vol. 13, Nº 8, pp. 2630 - 2636, August, 2015.

ISSN (print): 1548-0992
ISSN (online):

Scimago Journal Ranking: 0,21 (in 2015)

Digital Object Identifier:

Wind power production is uncertain. The imbalance
between power committed and delivered on pool markets produces
increased costs on the system, which must be paid by defaulting
producers, decreasing their revenues. In order to invert this
situation wind producers may submit their bids join with hydro
resources, due to their availability. This paper proposes an
optimization technique regarding the maximum benefit for both
producers, taking into account the wind unpredictability. A
cascaded hydro system is considered.