Energy and Power Engineering, 2016, 8, 313-325 http://www.scirp.org/journal/epe ISSN Online: 1947-3818 ISSN Print: 1949-243X DOI: 10.4236/epe.2016.810029 October 8, 2016 New Analytical Model for Optimal Placement of Wind Turbines in Power Network under Pool and Reserve Markets Conditions Babak Safari Chabok 1* , Ahmad Ashouri 2 , Majid Yekta Khalilsaraei 3 , Hossein Shahidi Moghadam 4 , Fariborz Ghasemi 5 1 Department of Power System Engineering, Tarbiat Modares University, Tehran, Iran 2 Department of Electrical Engineering, Khodabandeh Branch, Islamic Azad University, Khodabandeh, Iran 3 Department of Mechatronic Research Laboratory (MRL), Qazvin Branch, Islamic Azad University, Qazvin, Iran 4 Department of Regional Electric Company, Guilan Branch, Rasht, Iran 5 East Azerbaijan Science and Research Branch, Islamic Azad University, Tabriz, Iran Abstract 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 partici- pate 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 in- formation. 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 opera- tion planning time interval. For effectiveness evaluation of proposed model, simula- tion studies are applied on 14-Bus IEEE test power system. Keywords Wind Turbine, Pumped Storage Hydro Power Plants (PSHPPs), Power Pool and Ancillary Market, Independent System Operator 1. Introduction Optimal placement of distributed generations (DGs) has a great importance. In a power How to cite this paper: Chabok, B.S., Ashouri, A., Khalilsaraei, M.Y., Moghadam, H.S. and Ghasemi, F. (2016) New Analytical Model for Optimal Placement of Wind Tur- bines in Power Network under Pool and Reserve Markets Conditions. Energy and Power Engineering, 8, 313-325. http://dx.doi.org/10.4236/epe.2016.810029 Received: June 19, 2016 Accepted: July 10, 2016 Published: October 8, 2016 Copyright © 2016 by authors and Scientific Research Publishing Inc. This work is licensed under the Creative Commons Attribution International License (CC BY 4.0). http://creativecommons.org/licenses/by/4.0/ Open Access