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Modelling demand response aggregator behavior in wind power offering strategies

This paper proposes a new wind offering strategy in which a wind power producer employs demand response (DR) to cope with the power production uncertainty and market violations. To this end, the wind power producer sets demand response (DR) contracts with a DR aggregator. The DR aggregator behavior is modeled through a revenue function. In this way the aggregator aims to maximize its revenue through trading DR with the wind power producer, other market players and the day-ahead market. The problem is formulated in bilevel programming in which the upper level represents wind power producer decisions and the lower level models the DR aggregator behavior. The given bilevel problem is then transformed into a single-level mathematical program with equilibrium constraints (MPEC) and linearized using proper techniques. The feasibility of the given strategy is assessed on a case of the Nordic market.
- University of Queensland Australia
- University of Queensland Australia
- University of Queensland Australia
2100 Energy, Demand response, 2205 Civil and Structural Engineering, Stochastic programming, 910, DR aggregator behavior, Wind offering strategy, Bilevel programming, MPEC
2100 Energy, Demand response, 2205 Civil and Structural Engineering, Stochastic programming, 910, DR aggregator behavior, Wind offering strategy, Bilevel programming, MPEC
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).62 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 10%
