Coordinated Strategy of Price-maker Renewable Generation and Thermal Units in Elrctricity Market, M.Sc. Thesis Sharif University of Technology ; Ranjbar, Ali Mohammad (Supervisor)
Abstract
Wind energy, as a type of renewable energy resource, is clean and is rapidly growing globally. The intermittency in the production of wind energy is the most major obstacle for these producers in a competitive electricity market, to compete with thermal units. Most existing models in the literature mitigate the risk of wind power, by coordinating them with energy storages such as pumped storages power plant. Here, in this thesis, another risk mitigation approach is introduced which combines wind energy and natural gas power plant in an electricity market. In addition, as the penetration level of wind power grows, the wind power producers must be considered as a price-maker player which their...
Cataloging briefCoordinated Strategy of Price-maker Renewable Generation and Thermal Units in Elrctricity Market, M.Sc. Thesis Sharif University of Technology ; Ranjbar, Ali Mohammad (Supervisor)
Abstract
Wind energy, as a type of renewable energy resource, is clean and is rapidly growing globally. The intermittency in the production of wind energy is the most major obstacle for these producers in a competitive electricity market, to compete with thermal units. Most existing models in the literature mitigate the risk of wind power, by coordinating them with energy storages such as pumped storages power plant. Here, in this thesis, another risk mitigation approach is introduced which combines wind energy and natural gas power plant in an electricity market. In addition, as the penetration level of wind power grows, the wind power producers must be considered as a price-maker player which their...
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