TY - GEN
T1 - Medium and Long-Term Wind Energy Trading Mechanisms Based on Flexible Contracts for Sellers
AU - Chen, Yajun
AU - Zhao, Ming
AU - Zhang, Qian
AU - Xiao, Yunpeng
AU - Wang, Xiuli
N1 - Publisher Copyright:
© 2024 IEEE.
PY - 2024
Y1 - 2024
N2 - When participating in the electricity market, the volatility and uncertainty of new energy output will encounter the dual risks of power and electricity price, which leads to the loss of utility for new energy power producers to participate in the electricity market, slows down the overall growth of the new energy industry, and may affect the national or regional energy strategic planning. Based on this problem, this paper proposes a medium- and long-term trading mechanism based on the seller's flexible contract, a method that can reduce market risk and improve trading efficiency. Considering the volatility and uncertainty of new energy and the actual situation of the demand side of the power system, the seller's flexible power contract has become an effective means of medium- and long-term trading of new energy. Finally, the effectiveness and practicality of the method are verified by examples.
AB - When participating in the electricity market, the volatility and uncertainty of new energy output will encounter the dual risks of power and electricity price, which leads to the loss of utility for new energy power producers to participate in the electricity market, slows down the overall growth of the new energy industry, and may affect the national or regional energy strategic planning. Based on this problem, this paper proposes a medium- and long-term trading mechanism based on the seller's flexible contract, a method that can reduce market risk and improve trading efficiency. Considering the volatility and uncertainty of new energy and the actual situation of the demand side of the power system, the seller's flexible power contract has become an effective means of medium- and long-term trading of new energy. Finally, the effectiveness and practicality of the method are verified by examples.
KW - contract pricing
KW - seller flexible contracts
KW - supply and demand interaction
KW - wind power trading
UR - https://www.scopus.com/pages/publications/85211437400
U2 - 10.1109/ICOPESA61191.2024.10743850
DO - 10.1109/ICOPESA61191.2024.10743850
M3 - 会议稿件
AN - SCOPUS:85211437400
T3 - 2024 8th International Conference on Power Energy Systems and Applications, ICoPESA 2024
SP - 666
EP - 673
BT - 2024 8th International Conference on Power Energy Systems and Applications, ICoPESA 2024
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 8th International Conference on Power Energy Systems and Applications, ICoPESA 2024
Y2 - 24 June 2024 through 26 June 2024
ER -