Abstract
In this paper, the impacts of strategic bidding of a wind power producer on electricity markets are studied. To this end, the strategic bidding of a wind power producer is investigated under the following three schemes: 1) the wind power producer sets its generation power while other producers set their supply functions, 2) the wind power producer sets its supply function and so do other producers, and 3) the wind power producer teams up with a non-wind generating firm and the aggregated firm sets its supply function and so do other producers. Supply function equilibrium models are used to determine the strategic behavior of generating firms at market equilibrium. Illustrative numerical results are provided.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
