Trading Wind Energy in a Liberalised Market Environment: a Real-world Test Case in Eastern Denmark

• Determine operational strategies for trading wind power in deregulated electricity markets, with particular focus on the Scandinavian NordPool market • Prove their validity by benchmarking with the current practice of the industry (point forecast bidding) • Assess the market value of state-of-the-art forecasts of wind power production and market prices This work describes and evaluates optimal strategies for bidding wind energy in a liberalised electricity market, innovatively making use of forecasts of spot prices, imbalance prices, and wind power production in an operational set-up. Five different strategies, with different levels of risk aversion to regulation costs, are implemented and compared. Subsequently, the efficiency of these strategies in decreasing imbalance costs is evaluated through the test-case of the participation of a wind power producer in the NordPool spot and real-time market during a period of 10 months. This study will support a demonstration in the frame of EU project ANEMOS.plus.