The effectiveness of the proposed method is tested through simulation using Matlab/Matpower software. The proposed method allows determining which wind capacity is most profitable considering the probability of not guaranteeing the contract capacity. The paper proposes a method to determine the optimal wind capacity for profit based on the Weibull distribution. Many methods have been proposed, such as forecasting wind capacity, energy storage, and combining other power generation sources to solve this disadvantage. Therefore, when participating in the deregulated electricity market, wind power plants will suffer significant losses when they do not guarantee the capacity according to the signed power generation contracts. However, the electricity supplied by wind power plants varies continuously with the outside wind speed, which makes energy insecure. ![]() ![]() Wind power is developing rapidly because of the need to develop renewable energy to replace fossil energy gradually.
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