Galloway, S. and Bell, G. and Siewierski, T. and Burt, G.M. and McDonald, J.R. (2006) Managing the risk of trading wind energy in a competitive market. IEE Proceedings Generation Transmission and Distribution, 153 (1). pp. 106-114. ISSN 1350-2360
Full text not available in this repository. (Request a copy from the Strathclyde author)Abstract
There is a high level of financial risk associated with the direct participation of wind generation in liberalised electricity markets, due to the stochastic nature of output and imbalance charges set by market prices. The positioning of generation with respect to the market is therefore critical to successful trading activities. Examined is the use of risk characterisation to select the best output level for a wind generator to trade, dependant on maximising revenue and managing marginal costs from imbalances in a competitive market situation. Trading strategies based on utility risk assessment are presented as a possible way to improve market participation for wind generators based on these criteria.
| Item type: | Article |
|---|---|
| ID code: | 3506 |
| Keywords: | wind energy, power systems, energy distribution, energy market, Electrical engineering. Electronics Nuclear engineering |
| Subjects: | Technology > Electrical engineering. Electronics Nuclear engineering |
| Department: | Faculty of Engineering > Electronic and Electrical Engineering Unknown Department Professional Services > Corporate Services Directorate |
| Related URLs: | |
| Depositing user: | Strathprints Administrator |
| Date Deposited: | 18 Jun 2007 |
| Last modified: | 02 May 2012 16:29 |
| URI: | http://strathprints.strath.ac.uk/id/eprint/3506 |
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