Novel optimization strategy of economic dispatch and risk management considering wind power in the power market.

As the economy of the world is advancing quickly, the wind energy technology is improved further due to its renewable nature and reduction of pollution. However, as the wind energy is not uniform throughout any time period, the issues arise in replacing the conventional power generation techniques with wind energy conversion. Due to these, this paper provides review in wind power generation and dispatching to the distribution networks with minimum expense. Various algorithms for optimization of wind energy distribution along with managing the risk and future enhancements are also briefly discussed. [ABSTRACT FROM AUTHOR]