Enhancing Wind Power Profitability through Integrated Clusters in the Electricity Market

In the context of wind power sources participating in the electricity market, they frequently encounter significant challenges arising from their inherent uncertainties. Compared to the initial projections, deviations in their power output could potentially lead to decreased revenue for investors. This necessitates compensation or penalties due to shortfalls in wind power output. This study thoroughly investigates and assesses proposed integration scenarios to mitigate the risk of such penalties or compensation requirements. These scenarios involve the integration of multiple wind turbines and wind farms, aiming to enable mutual offsetting of electricity output power in cases of emergency power shortages. Through simulation-based experiments on the IEEE 30-bus system, the findings of this study unequivocally demonstrate that the financial viability of wind power plants within integrated clusters exceeds that of their standalone economic operations.