Catalão, J. P. S.Pousinho, H. M. I.Mendes, V. M. F.2012-11-132012-11-132012-06Catalão J P S, Pousinho H M I, Mendes V M F. Optimal Offering Strategies for Wind Power Producers Considering Uncertainty and Risk. IEEE Systems Journal. 2012; 2 (6): 270-277.1932-8184http://hdl.handle.net/10400.21/1912This paper provides a two-stage stochastic programming approach for the development of optimal offering strategies for wind power producers. Uncertainty is related to electricity market prices and wind power production. A hybrid intelligent approach, combining wavelet transform, particle swarm optimization and adaptive-network-based fuzzy inference system, is used in this paper to generate plausible scenarios. Also, risk aversion is explicitly modeled using the conditional value-at-risk methodology. Results from a realistic case study, based on a wind farm in Portugal, are provided and analyzed. Finally, conclusions are duly drawn.engArtificial IntelligenceForecastingRisk AnalysisStochastic ProgrammingUncertaintyWind PowerValue-at-RiskGenerationSystemsPenetrationMarketsSearchjournal article