Long-Term Cross-border Electricity Trading Considering the Uncertainty of Wind Power

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

The improvement of wind power technology and the promotion of the Global Energy Internet Project, provide technical supports and platform for cross-border trading. However, the uncertainty of wind power and the specific feature of cross-border power market are the key points of trading mechanism design. Based on this, this paper proposes a long-term cross-border electricity trading model considering the uncertainty of wind power. First, annual transaction results among countries considering political factors are obtained according to the declared data of bidders; Scenario reduction algorithm is applied to deal with wind power data, and then trading contract of multi-stage and multi scenario is obtained. Finally, the case study results of multinational power market in Northeast Asia show that the trading model designed in this paper is feasible to the cross-border electricity trading with wind power.

Original languageEnglish
Title of host publication2018 International Conference on Power System Technology, POWERCON 2018 - Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages788-793
Number of pages6
ISBN (Electronic)9781538664612
DOIs
StatePublished - 2 Jul 2018
Event2018 International Conference on Power System Technology, POWERCON 2018 - Guangzhou, China
Duration: 6 Nov 20189 Nov 2018

Publication series

Name2018 International Conference on Power System Technology, POWERCON 2018 - Proceedings

Conference

Conference2018 International Conference on Power System Technology, POWERCON 2018
Country/TerritoryChina
CityGuangzhou
Period6/11/189/11/18

Keywords

  • cross-border electricity trading
  • scenario reduction
  • stochastic programing.
  • uncertainty
  • wind power

Fingerprint

Dive into the research topics of 'Long-Term Cross-border Electricity Trading Considering the Uncertainty of Wind Power'. Together they form a unique fingerprint.

Cite this