  The increasing integration of variable renewable energy sources such as wind
and solar will require new methods of managing generation uncertainty. Existing
practices of uncertainty management for these resources largely focuses around
modifying the energy offers of such resources in the quantity domain and from a
centralized system operator consideration of these uncertainties. This paper
proposes an approach to instead consider these uncertainties in the price
domain, where more uncertain power is offered at a higher price instead of
restricting the quantity offered. We demonstrate system-level impacts on a
modified version of the RTS-GMLC system where wind generators create market
offers valuing their uncertainties over scenario set of day-ahead production
forecasts. The results are compared with a dispatch method in which wind energy
is offered at zero marginal price and restricted based on the forecast
percentile.
