Stochastic Capacity Analysis of Wind Farms in a Portfolio of Power Generating Assets

摘要

In this paper, the management and control of a system of electricity generating assets of a typical utility company is explored with respect to the integration of wind power from a set of wind turbines. The environment for electricity production is examined and the wind power integration problem is identified. An optimization model is formulated to minimize electricity generation cost based on the contribution of a set of generation assets, including wind and purchased power.