Strategic Offering for a Price-Maker Wind Power Producer in Oligopoly Markets Considering Demand Response Exchange

This paper proposes an offering strategy for a wind power producer (WPP) that participates in both day-ahead (DA) and balancing oligopoly markets as a price maker. Penetration of demand response (DR) resources into smart grids is modeled by intraday demand response exchange (IDRX) architecture. A bilevel optimization framework is proposed based on multiagent system and incomplete information game ...