Interval prediction algorithm and optimal scenario making model for wind power producers bidding strategy

Abstract Nowadays, renewable energies are important sources for supplying electric power demand and a key entity of future energy markets. Therefore, wind producers (WPPs) in most the systems world have role. On other hand, speed uncertainty makes WPPs deferent generators, which turn causes adequate bidding strategies, that leads to market rules, functional abilities turbines penetrate market. In this paper, new strategy has been proposed based on optimal scenario making competitive As known, WPP generation is uncertain, different scenarios must be created production. prediction intervals method improved increase accuracy presence balancing Besides, optimization algorithm called grasshopper simulate problem WPPs. A set numerical examples, as well case-study real-world data, allows illustrating discussing properties method.