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In this paper a new market based analytical model is proposed for optimal placement of Wind Turbines (WTs) in power systems. In addition to wind turbines, thermal units (THUs) and Pumped Storage Hydro Power Plants (PSHPPs) owners participate in power market. Objective function is defined as participants’ social welfare achieved from power pool and ancillary markets in yearly horizon. Wind turbines have been modeled by probability-generation tree scenarios based on statistical information. We concentrate on investment profits of WTs numbers and its generation capacity beside to PSHPPs and THUs power plants in power systems due to increase in high flexible tools for Independent system operator into the planning and operation planning time interval. For effectiveness evaluation of proposed model, simulation studies are applied on 14-Bus IEEE test power system.

New Analytical Model for Optimal Placement of Wind Turbines in Power Network under Pool and Reserve Markets Conditions