Stochastic Price-Based Coordination of Intrahour Wind Energy and Storage in a Generation Company

@article{Khodayar2013StochasticPC,
  title={Stochastic Price-Based Coordination of Intrahour Wind Energy and Storage in a Generation Company},
  author={Mohammad E. Khodayar and Mohammad Shahidehpour},
  journal={IEEE Transactions on Sustainable Energy},
  year={2013},
  volume={4},
  pages={554-562}
}
This paper develops a day-ahead price-based scheduling strategy for the coordination of wind and storage units in a generating company (GENCO). The proposed strategy is based on the stochastic price-based unit commitment (PBUC) for the scheduling of wind energy and storage units, which considers volatilities in day-ahead intrahour market prices and wind power generation. The proposed approach firms up the hourly sum of wind and storage unit generation, and mitigates potential wind energy… CONTINUE READING
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