Profit Maximization Approaches in Wind-Integrated Systems Within Deregulated Environments

The incorporation of sustainable energy resources, especially wind power, has become a critical component of power generation systems as the global energy landscape shifts toward sustainability and deregulation. This study delves into the difficult task of maximization in wind-integrated systems that operate in deregulated conditions and provides a comprehensive analysis of strategies and methodologies for profit maximization within such a framework. Wind power generation optimization is a hard challenge in deregulated electricity markets, where numerous market players interact freely. The research also highlights how to enhance the reliability and consistency of wind-integrated systems. Throughout the paper, IEEE Case 39 is used to demonstrate the practical applicability of the proposed strategies and numerical simulations are provided to demonstrate their feasibility. The results demonstrate that profit maximization in wind-integrated systems can be achieved by optimizing the coordination of market participants and leveraging advanced technologies. It is intended to provide valuable resources to policymakers, industry stakeholders, and researchers seeking a more economically viable and efficient energy future.