Optimal Bidding Strategy of a Strategic Wind Power Producer in the Short-Term Market

@article{Dai2015OptimalBS,
  title={Optimal Bidding Strategy of a Strategic Wind Power Producer in the Short-Term Market},
  author={Ting Dai and Wei Qiao},
  journal={IEEE Transactions on Sustainable Energy},
  year={2015},
  volume={6},
  pages={707-719}
}
Wind energy is a clean and renewable energy source which is rapidly growing globally. As the penetration level of wind power grows, the system operators need to consider wind power producers as strategic producers whose bidding behaviors will have an impact on the locational marginal prices. This paper proposes a bilevel stochastic optimization model to obtain the optimal bidding strategy for a strategic wind power producer in the short-term electricity market. The upper level problem of the… CONTINUE READING
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