Risk constrained offering strategy of wind power producers considering Intraday Demand Response Exchange

摘要

Summary form only given. This paper proposes a comprehensive stochastic decision making model for Wind Power Producers' (WPPs) participation in a competitive market. The presented model incorporates three trading floors: day-ahead, intraday, and balancing markets. An efficient integration of intraday markets allows market players to react to the latest information (e.g. more accurate wind forecast). Creating a platform that allows Demand Response Resources (DRRs) to contribute to the intraday markets improves both WPP's business and power system flexibility. In this context, providing an Intraday Demand Response eXchange (IDRX) market for trading Demand Response (DR) between DR providers and DR users (e.g. WPPs) is proposed. The problem uncertainties, such as wind power and market prices, are considered using a scenario based approach. Moreover, an appropriate risk measurement, Conditional Value-at-Risk (CVaR), is incorporated to the model. Numerical results illustrate that utilizing DR to compensate wind generation imbalances can increase WPP's profit and reduce the related risks.