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This paper proposes an oligopolistic model for a wind power producer (WPP) with a market power to compete with other Gencos and take part in day-ahead, intraday and balancing markets. In order to model the mentioned oligopoly markets from WPP's viewpoint, a bi-level optimization framework is proposed based on multi-agent system and incomplete information game theory. In this context, the WPP participates...
Although wind power generation has extended a maturity in technology, there are still many concerns regarding the optimal support of regulatory bodies for renewable resources. In this context, the regulatory body should form a market structure or consider market rules and regulations to not only attract investors to renewable power plants, but also provide an efficient market that reflects a safe...
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