Simultaneous active and reactive power market consideration of uncertainty in wind farms

As the number of wind turbines increase, those units like others would contribute to active power in a competitive market. Also, with development in power electronics, those units like others are able to produce reactive power and therefore can participate in reactive power market. Meanwhile, high degrees of uncertainty and prediction error are associated with this type of producing units. Due to the relationship between active and reactive power generation, this uncertainty affects both active and reactive power markets and deprives those units of the opportunity to participate in both markets. Therefore, providing an accurate model of participation in the active and reactive power market, considering the existing uncertainty and its related forecasting errors, will help those units to be able to compete with others in the active and reactive power market. In addition, the proposed model should consider the interaction between active and reactive power markets and the conditions for their simultaneous implementation. In addition, the ability of wind units to impose market power is decreased by presenting a new market power index for reactive power generation. The effectiveness of the proposed model is evaluated by implementing on 24-node IEEE RTS grid.