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

<table class="table-group" id="tab2"><tr><td><table class="table"><tr><td class="thead-hr" colspan="5"><hr/></td></tr><tr class="thead"><td class="align_left">Cases</td><td class="align_center" colspan="2">With considering correlation</td><td class="align_center" colspan="2">Without considering correlation</td></tr><tr><td class="thead-hr" colspan="5"><hr/></td></tr><tr><td class="align_left" rowspan="2">Total profit ($)</td><td class="align_center">Wind-thermal</td><td class="align_center">Wind</td><td class="align_center">Wind-thermal</td><td class="align_center">Wind</td></tr><tr><td class="align_center">14561</td><td class="align_center">4980</td><td class="align_center">10762</td><td class="align_center">4163</td></tr><tr class="table-tr"><td colspan="5"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

<div>Total daily profit of GENCO in four cases.</div>

International Transactions on Electrical Energy Systems

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Table 2

Table 2: Bidding Strategy of a Wind-Thermal GENCO considering Piecewise Linear AC Power Flow and Correlated Uncertainties 