Research on Provincial Reliability Evaluation Considering Multi-Cycle Trading Strategies of Renewable Energy

  • Yuhan Zhang
  • , Kai Wang
  • , Qingqing Zhou
  • , Li Wang
  • , Liushuangfei Xie
  • , Tao Ding

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

Abstract

It has become a consensus to develop renewable energy in the power system vigorously in the context of global warming. Promoting renewable energy participation in inter-provincial trading has become a trend in interconnected systems. However, the inherent uncertainty of renewable energy presents significant challenges to the power balance. To address this, this paper proposes a reliability assessment method for power systems that incorporates multi-cycle inter-provincial trading strategies of renewable energy. For different transaction entities, optimization-based models minimizing load-cutting levels and the convergence criterion for its solution are proposed. The validity of this method is demonstrated through case studies in the northwest region of China. This study is expected to provide a reference for enhancing trading strategies and mechanisms to guarantee the operational quality of power systems.

Original languageEnglish
Title of host publication2024 IEEE PES 16th Asia-Pacific Power and Energy Engineering Conference
Subtitle of host publicationInnovative Technologies Drive Low-Carbon, Sustainable, and Flexible Energy Systems, APPEEC 2024 - Proceedings
PublisherIEEE Computer Society
ISBN (Electronic)9798350386127
DOIs
StatePublished - 2024
Event16th IEEE PES Asia-Pacific Power and Energy Engineering Conference, APPEEC 2024 - Nanjing, China
Duration: 25 Oct 202427 Oct 2024

Publication series

NameAsia-Pacific Power and Energy Engineering Conference, APPEEC
ISSN (Print)2157-4839
ISSN (Electronic)2157-4847

Conference

Conference16th IEEE PES Asia-Pacific Power and Energy Engineering Conference, APPEEC 2024
Country/TerritoryChina
CityNanjing
Period25/10/2427/10/24

Keywords

  • mid-and-long term power market
  • reliability analysis
  • renewable energy sources
  • spot power market

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