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Figure 6 shows the bidding strategy of the wind power producer in different periods under the above three cases. In case (a), the average offering price is 20.29 $/MWh. The wind power producer uses its market power to participate in the spot market with higher offering prices, thus boosting the spot market clearing prices.
Studying the bidding strategies of wind power producers in the spot market, especially with the introduction of intraprovincial and interprovincial green certificate trading, has great practical significance for the stable operation of wind power producers and the construction of a renewable energy-friendly electricity market.
In this paper, a bi-level stochastic model is constructed to simulate the bidding strategy of a wind power producer in Chinese spot market considering intraprovincial and interprovincial green certificate trading. Through KKT conditions, the strong duality theorem and the big M method, the proposed model is transformed into a MIL model and solved.
The wind power producer has the advantage of low marginal cost. The wind power producer can use its market power to compete as a marginal producer under different electricity market environments. When only participating in the spot market, the wind power producer submits higher offering prices, boosting the spot market clearing prices.
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