Abstract
The integration of large-scale renewable energy sources requires a higher level of peak regulation capability in China Power Grid,so rapid development of peak regulation auxiliary service market can serve as an important way to accommodate renewable energy production. The current market design and trading mechanism of peak regulation auxiliary service in China are investigated,and a market trading model based on the unilateral bidding of thermal units is developed. The objective of the model is to minimize the dispatching cost of thermal peak regulation resources,which satisfies a few operating constraints related with real-time power flow balance,renewable energy curtailment,and ramping limits of thermal units. Moreover,a new market mechanism and implementation mode is designed involving the bilateral bidding of both the renewable energy and thermal,which can motivate renewable energy producers to actively participate in the peak regulation market. At the same time,a bilateral trading model that maximizes the total social welfare is proposed,and the evaluation method of interest for different market entities is demonstrated. The case study is performed on a practical system,and the trading results of peak regulation market,renewable energy accommodation situation and interest of different entities under unilateral and bilateral trading mechanism are analyzed,so that the effectiveness of the model is validated.
| Translated title of the contribution | Bilateral trading mechanism and model of peak regulation auxiliary service market for renewable energy accommodation |
|---|---|
| Original language | Chinese (Traditional) |
| Pages (from-to) | 84-91 |
| Number of pages | 8 |
| Journal | Dianli Zidonghua Shebei/Electric Power Automation Equipment |
| Volume | 41 |
| Issue number | 1 |
| DOIs | |
| State | Published - 10 Jan 2021 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 7 Affordable and Clean Energy
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