The research of power market patterns incorporation of large-scale wind power

With the publication of EU Renewable Energy Guide and the release of the 2020 energy goals, the wind power is incorporated into the power market on a large scale has become an inevitable trend. However, with a substantial increase of wind power proportion to the overall power generation capacity, the cost of wind power connected to the power grid increased accordingly and the impact of wind power generation on electricity market and power grid will become crucial. The article summarizes the wind power subsidies policy in several European countries, analyzed the market cost changes derived from the large-scale wind power incorporated into the power market. And then the paper proposed several market design patterns for wind power participation in the electricity market. Finally, the paper adopted support vector machine (SVM) algorithm for wind speed prediction, which proved wind power manufacturers bidding near the trading time, the closer can effectively improve the accuracy of the wind power prediction, thus reducing market transaction costs.