The ever expanding of greenhouse gas emission and limitation of fossil energy sources are driving demand for the green energies. Among the variety of the renewable energy sources, the wind power in large scale is known as the best replacement for the conventional source of energies. However, due to the intermittency of wind power, this source without any control is not efficient neither technically nor economically. Technically, fluctuation of wind power should be smoothed while it is dispatched to the grid power to avoid system faults. On the other hand, in competitive deregulated electricity market, the financial issue concerns the economic revenue of wind power plant. It is well understood that applying storage system with proper control...