Research Article

Bidding Strategy of a Wind-Thermal GENCO considering Piecewise Linear AC Power Flow and Correlated Uncertainties

Table 1

Hourly correlation factor between wind speed and demand uncertainties.

Hour123456789101112
CF−0.3−0.3−0.3−0.3−0.3−0.4−0.4−0.5−0.5−0.5−0.6−0.6
Hour131415161718192021222324
CF−0.6−0.6−0.6−0.5−0.5−0.5−0.5−0.5−0.5−0.4−0.4−0.4