TY - GEN
T1 - Regional Marginal Price Mechanism in the China Northwest Power Grid
AU - Ren, Yanzhery
AU - Liu, Shiyu
AU - Bie, Zhaohong
N1 - Publisher Copyright:
© 2019 IEEE.
PY - 2019/10
Y1 - 2019/10
N2 - As a regional power grid with the highest penetration of renewable energy, the China Northwest Power Grid is now facing with the renewable power curtailment. That is caused by the inefficient energy utilization, interest conflicts with thermal power generators and the immature electricity price mechanism. To address those problems, this paper proposes a regional marginal price (RMP) mechanism in the China Northwest Power Grid. Firstly, the locational marginal price (LMP) in the Northwest China is calculated based on the economic dispatch theory. Secondly, on the premise of considering geographical location and renewable resource distribution, the Northwest China is divided into seven regions based on the clusters of LMP values. Then, the RMPs in two typical days are calculated by PLEXOS, which verifies the effectiveness of RMP mechanism. Finally, the benefit of RMP mechanism in the China Northwest Power Grid is shown by the comparison of three electricity price mechanisms.
AB - As a regional power grid with the highest penetration of renewable energy, the China Northwest Power Grid is now facing with the renewable power curtailment. That is caused by the inefficient energy utilization, interest conflicts with thermal power generators and the immature electricity price mechanism. To address those problems, this paper proposes a regional marginal price (RMP) mechanism in the China Northwest Power Grid. Firstly, the locational marginal price (LMP) in the Northwest China is calculated based on the economic dispatch theory. Secondly, on the premise of considering geographical location and renewable resource distribution, the Northwest China is divided into seven regions based on the clusters of LMP values. Then, the RMPs in two typical days are calculated by PLEXOS, which verifies the effectiveness of RMP mechanism. Finally, the benefit of RMP mechanism in the China Northwest Power Grid is shown by the comparison of three electricity price mechanisms.
KW - Economic dispatch
KW - regional marginal price mechanism
KW - the China Northwest Power Grid
UR - https://www.scopus.com/pages/publications/85096424165
U2 - 10.1109/APAP47170.2019.9224896
DO - 10.1109/APAP47170.2019.9224896
M3 - 会议稿件
AN - SCOPUS:85096424165
T3 - APAP 2019 - 8th IEEE International Conference on Advanced Power System Automation and Protection
SP - 1115
EP - 1119
BT - APAP 2019 - 8th IEEE International Conference on Advanced Power System Automation and Protection
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 8th IEEE International Conference on Advanced Power System Automation and Protection, APAP 2019
Y2 - 21 October 2019 through 24 October 2019
ER -
