This paper, for the first time, adopts agent-based simulation approach to investigate the bidding optimization of a wind generation company in the deregulated day-ahead electricity wholesale markets, by considering the effect of short-term forecasting accuracy of wind power generation. Two...

Wind speed forecasting is critical for wind energy conversion systems since it greatly influences the issues such as the scheduling of a power system, and the dynamic control of the wind turbine. In this paper, we present a comprehensive comparison study on the application of different...