A New Robust Bidding Approach for Wind Power Producers Participating in Competitive Power Markets with Correlated Market Prices

In this research, a bidding problem for wind-power plant participating in day-ahead power market with uncertain correlated prices is studied. A new robust optimization approach considering correlation among uncertainty on the hourly developed. This results solutions lower level of over-conservatism. For purpose polyhedral set introduced. To consider clearing and value produced by wind producer algorithm Results study using modelling reveal that appliance proposed model price-taker data leads to superior performance than conventional sets.