A NEW METHOD FOR PRICING OF WIND POWER IN SHORT-TERM POWER MARKETS

Present power markets are basically designed for trading conventional sources of generation. Due to advantages of renewable energy resources, there is an increasingly interest in utilization of these sources. With the fast development of wind energy technologies, wind has been recognized as a promising green power. Nowadays, wind power has become a competent of conventional generation. In this paper, a new method for pricing and utilizing of wind power in short-term power market is suggested. The aim of this method is not only supporting of wind power, but also drawing the best level of contract for wind generators according to their expected power production.