Wind Power Business Day-ahead Market Strategy Bidding Considering Allowable Deviation and Wind Speed Distribution

With the development of large-scale wind power integration and electricity markets, wind farms business were asked to participate in the electricity market. Because of the volatility and unpredictability of wind power, the wind farm suppliers contribute to obtain benefits in the bidding at the same time, need to bear the imbalances cost of inaccurately reporting output resulting. This paper follows the wind itself the objective law, proposed to charge the imbalance cost of the need to consider the power tolerance, detailed derivation of wind farm business day-ahead market bidding model in the case of wind farm wind speed meet Weibull distribution, the model with the wind farm business expected revenue largest as the goal, day-ahead market the wind farm business obtain bidding output revenue, wind farms business charge imbalance costs of more than the allowable deviation of the power section in the imbalance market. The example detailed analysis of the different wind speed distribution parameters and tolerances ratio on the wind farm business's effect of day-ahead market bidding output.