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Abstract: This paper presents an evolutionary algorithm for wind speed reconstruction from synoptic pressure patterns. The algorithm operates in a search space formed by grids of pressure measures, and must classify the different situations into classes, in such a way that a measure of wind speed in a given point is minimized among patterns assigned to the same class. Then, each class is assigned a mean wind speed and direction, so the wind speed reconstruction is possible for a new grid of synoptic pressures. In this paper we present the problem model and the specific description of the evolutionary algorithm proposed to solve the problem. We also show the good performance of the proposed method in the reconstruction of the average wind speed in six wind towers in Spain. The proposed method is applicable to wind speed reconstruction or reconstruction of wind missing data of wind series, specially when there is no other variable or related measure available. [Copyright &y& Elsevier]

Abstract: Competitive structure of power markets causes various challenges for wind resources to participate in these markets. Indeed, production uncertainty is the main cause of their low income. Thus, they are usually supported by system operators, which is in contrast with the competitive paradigm of power markets. In this paper, a new strategy for increasing the profits of wind resources is proposed. In the suggested strategy, a Generation Company (GenCo), who owns both wind and pumped-storage plants, self-schedules the integrated operation of them regarding the uncertainty of wind power generation. For presenting an integrated self-schedule and obtaining a real added value of the strategy, participation of the GenCo in energy and ancillary service markets is modeled. The self-scheduling strategy is based on stochastic programming techniques. Outputs of the problem include generation offers in day-ahead energy market and ancillary service markets, including spinning and regulation reserve markets. A Neural Network (NN) based technique is used for modeling the uncertainty of wind power production. The proposed strategy is tested on a real wind farm in mainland, Spain. Moreover, added value of the strategy is presented in different conditions of the market. [Copyright &y& Elsevier]

Abstract: This paper proposes a novel price forecasting method based on wavelet transform combined with ARIMA and GARCH models. By wavelet transform, the historical price series is decomposed and reconstructed into one approximation series and some detail series. Then each subseries can be separately predicted by a suitable time series model. The final forecast is obtained by composing the forecasted results of each subseries. This proposed method is examined on Spanish and PJM electricity markets and compared with some other forecasting methods. [ABSTRACT FROM AUTHOR]