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GRØN DYST 2014 Technical University of Denmark

Integration of Wind Generation in Electricity Markets under Uncertainties
Paper
Author:T. Soares (DTU Compute, Technical University of Denmark, Denmark)
R. Simon (DTU Compute, Technical University of Denmark, Denmark)
Qi Wang (DTU Compute, Technical University of Denmark, Denmark)
C. Persson (DTU Compute, Technical University of Denmark, Denmark)
Date: 2014-06-27     Track: Main     Session: 1

The challenge of lowering the emission from greenhouse gases is one of the most important topics in today’s society. It is not rocket science, that an increased integration of renewable energy will result in a more sustainable and healthy environment compared to today’s use of fossil fuel. Renewable energy sources act by nature different from traditional coal power plants, and uncertainties often influence the power generation. This project faces the problems of uncertainty in the wind power production, when clearing the electricity market with a high penetration of stochastic production.