Published On: April 23, 2024

E. Nasrolahpour, C. Houston, S. Harper, M. Rodgers, H. Zareipour, W. Rosehart, Bidding Strategy in Energy and Regulation Markets for a Wind Power Plant, IREP Symposium, Espinho, Portugal, August 2017

Abstract

High wind power penetration and conventional genenerator’s retirement cause concerns about a decline of frequency regulation-providing generators. To alleviate these concerns, many system operators motivate or enforce wind power plants to control their active power output in order to provide frequency support. This paper focuses on the role of wind power plants in the provision of secondary frequency regulation or Automatic Generation Control (AGC). We have tested the capability of a 10 MW wind power plant with five turbines in tracking regulation signal. Then, we have used actual data to analyze the wind power plant’s performance. Also, the optimal bidding strategy of the wind power plant in the energy and regulation markets is modeled. We compare the wind power plant’s strategic bidding decisions in two regulation markets with two different payment mechanisms, i.e., capacity and performance-based.

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