Evaluating risk-constrained bidding strategies in adjustment spot markets for wind power producers

► Strategic bidding in intraday markets may improve wind power producers profit. ► The strategy includes the uncertainty of involved market prices and wind powers. ► Strategic bidding in intraday markets may be enhanced with a CVaR risk-constraint. ► A real data analysis is developed to evaluate the different proposed strategies. ► The risk-constraint strategy is less profitable both for producers and the system.