An evaluation of a new Pricing technique to integrate Wind energy using two Time scales scheduling

Abstract: The topic of smart grids has become one of the most important research arenas recently. Spurred by the urges to reduce our dependence on fossil fuels for several environmental and economic reasons, researchers have written many treatises on this topic. M. He, S. Murugesan and J. Zhang suggested in their article, "Multiple Timescale Dispatch and Scheduling for Stochastic Reliability in Smart Grids with Wind Generation Integration", a new pricing and scheduling model to exploit the wind (or any other stochastic) energy to the fullest extent. I studied this model, and from my experiments, I found a defect. In this thesis, I try to evaluate this model. Firstly, I present it with detailed proofs of the main results. Secondly, I explain the experiments and simulations I did. Then, I analyze the results to show the defect I discovered. Finally, I suggest a solution for that defect, and I point out the advantages of that model.