A review on the economic dispatch and risk management considering wind power in the power market

With the rapid development of world economy, wind power has been given more and more consideration owing to its energy saving and environmental protection. But due to intermittency and unpredictability nature of wind power generation, many new problems come into being when infusing wind power into power network with conventional generators. Aiming at these difficulties, this paper presents a review on the historical research production of this theme. The models of economic dispatch schedule of wind power considering dissimilar actual condition, different optimized algorithms and risk management in the electric market are discussed and the future trend is prospected in this paper.