Dual-Sided Involvement of Energy Optimization and Strategic Bidding in Wind-PV System to Maximize Benefits for Customers and Power Providers
Pramesh Kumar,
Yogendra Kumar,
Kaushal Kishor Ahirwar
et al.
Abstract:Global warming is causing industrial development to increase greenhouse gas emissions, impacting power provider economies and potentially posing a solution through renewable energy. In order to solve these issues, the research offers a dual strategic auction difficulty for renewable energy market clear prices (MCPs) to maximize supplier and buyer revenues while mitigating rival unpredictability and renewable vacillation power supply sources. The study uses scenario reduction techniques, including Beta and Weib… Show more
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