in the demand. This potential can be interpreted as the ability to provide fast upward/downward reserves, facilitating the utilization of the wind power in the power system. Demand response exchange (DRX) market is a separate market in which DR is treated as a...

In this paper a bi-level model is proposed for

participation of demand response aggregator in demand response

exchange market. The objective of aggregator, modeled through

upper level problem, is to ...