Strategic Behaviors of Wind Generators in a Stochastic Joint Power Market Equilibrium
| Autor: | Xichen Fang, Kai Liu, Qixin Chen, Yunhe Hou, Hongye Guo |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Market competition
Wind generator business.industry 020209 energy 02 engineering and technology 010501 environmental sciences Ancillary service 01 natural sciences Renewable energy Microeconomics 0202 electrical engineering electronic engineering information engineering Economics Power market Scenario analysis business 0105 earth and related environmental sciences |
| Zdroj: | 2019 IEEE Power & Energy Society General Meeting (PESGM). |
| DOI: | 10.1109/pesgm40551.2019.8973716 |
| Popis: | With the increase of wind penetration and the mature of wind technology, wind generators (WGs) will get involved in market competition and have nonnegligible impacts on the market equilibrium. This paper proposes a stochastic joint equilibrium model to depict markets with high renewable penetration, with the wind stochasticity formulated by scenario analysis. Since the stochasticity of wind calls for additional ancillary service provision, a joint equilibrium of energy and reserve markets is developed, and strategic behaviors of WGs are considered. A real-time penalty scheme is introduced to regulate WGs' strategic behaviors. Market equilibrium based on the above settings are demonstrated based on a numerical study. |
| Databáze: | OpenAIRE |
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