Impact of Wind Farm Integration on Market Clearing Price

@article{1707816,
      author = {Olurotimi Olakunle Awodiji},
      title = {Impact of Wind Farm Integration on Market Clearing Price},
      journal = {Iconic Research And Engineering Journals},
      year = {2025},
      volume = {8},
      number = {10},
      pages = {271-276},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1707816.pdf},
      abstract = {The variability of the wind power output due to weather changes and the prediction inaccuracy could have an impact on the market clearing price of the day ahead market. Therefore, investigation into the impact of variable wind power integration on the market clearing price at different time intervals of the day, with varied load demand and how it affects the market operations of the power systems, particularly the price, then becomes necessary. The Plexos? market modelling software was used in this work to examine the impact of wind energy integration on the market clearing price for the specified day. Different scenarios were considered with and without wind energy. Also, the duration of the wind energy contribution was extended to cover a longer period by varying the dynamic property of the software. The results obtained show that the market clearing price (MCP) is reduced by the availability of wind for the particular period of the day.},
      keywords = {Competitive, Market clearing price, wind energy.},
      month = {April},
  }