Engineering Commons^™

Forecasting The Short-Term Value Of Wind Power For Risk-Aware Bidding Strategies In Single-Imbalance Price Electricity Markets, Gianni Goretti

Doctoral

The participation of wind energy in electricity markets and strategic bidding in the day-ahead market has been investigated with growing interest in recent years. However, markets adopting a single-price imbalance settlement where participants can increase their profits if they help to put the system back into balance have received very limited attention in the academic literature. In this thesis, new probabilistic models forecasting the short-term value of wind power are developed and their use in bidding in these types of markets is investigated. The proposed strategies are designed for participants who want to bid strategically in the day-ahead market to …