TY - GEN
T1 - Two-part compound bidding mode of wind power considering demand-side interaction
AU - Xiao, Yunpeng
AU - Wang, Xifan
AU - Dang, Can
AU - Du, Chao
N1 - Publisher Copyright:
© 2014 IEEE.
PY - 2014/12/18
Y1 - 2014/12/18
N2 - The world has witnessed a rapid growth of wind power these years in the global trend of low-carbon economy. Wind power participating in market competition would be beneficial to the development of wind power industry. Considering the characteristics of power production and demand-side interaction, two-part compound bidding mode is proposed with combination of the superiorities of hourly and block bidding modes. Benefits that two-part compound bidding mode brings to the market participants are analyzed. Mathematical model and market clearing process are introduced. Numerical examples prove that two-part compound bidding mode could flatten load fluctuation, promote supply-demand interaction, and elevate social benefit. Two-part compound bidding mode could also enhance wind power market competitiveness, improve system capability of wind power absorption, and relief pressure of subsidies on wind power by the government.
AB - The world has witnessed a rapid growth of wind power these years in the global trend of low-carbon economy. Wind power participating in market competition would be beneficial to the development of wind power industry. Considering the characteristics of power production and demand-side interaction, two-part compound bidding mode is proposed with combination of the superiorities of hourly and block bidding modes. Benefits that two-part compound bidding mode brings to the market participants are analyzed. Mathematical model and market clearing process are introduced. Numerical examples prove that two-part compound bidding mode could flatten load fluctuation, promote supply-demand interaction, and elevate social benefit. Two-part compound bidding mode could also enhance wind power market competitiveness, improve system capability of wind power absorption, and relief pressure of subsidies on wind power by the government.
KW - Demand-side interaction
KW - Electricity market
KW - Two-part compound bidding mode
KW - Wind power bidding
UR - https://www.scopus.com/pages/publications/84925236232
U2 - 10.1109/POWERCON.2014.6993621
DO - 10.1109/POWERCON.2014.6993621
M3 - 会议稿件
AN - SCOPUS:84925236232
T3 - POWERCON 2014 - 2014 International Conference on Power System Technology: Towards Green, Efficient and Smart Power System, Proceedings
SP - 307
EP - 312
BT - POWERCON 2014 - 2014 International Conference on Power System Technology
PB - Institute of Electrical and Electronics Engineers Inc.
T2 - 2014 International Conference on Power System Technology, POWERCON 2014
Y2 - 20 October 2014 through 22 October 2014
ER -
