Power Market Equilibrium Analysis with Large-scale Hydropower System Under Uncertainty
| Autor: | Xue Liu, Chen Ziyu, Shizhi He, Qingbiao Lin, Liu Qixing, Liang Yanjie |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Small hydro
business.industry 020209 energy 02 engineering and technology Environmental economics 020401 chemical engineering Software deployment Scale (social sciences) 0202 electrical engineering electronic engineering information engineering Economics Electricity market Energy market Scenario analysis Power market 0204 chemical engineering business Hydropower |
| Zdroj: | ISGT-Europe |
| DOI: | 10.1109/isgt-europe47291.2020.9248943 |
| Popis: | With the rapid development of hydropower and electricity market deregulation, typical large-scale hydropower markets have formed in some countries and regions. Hydropower will participate in the market competition and have significant impacts on the market equilibrium. This paper proposed a stochastic equilibrium model to depict markets with large-scale hydropower system, with the cascaded hydropower constraints considered and the stochasticity of small hydropower stations formulated by scenario analysis. A day-ahead energy market equilibrium model is established and a real-time penalty scheme is introduced to regulate strategic behaviors of small hydropower stations. An agency mechanism which can ensure efficient deployment of hydropower resources in electricity market is proposed. An example is given to demonstrate the market equilibrium based on the above setting. |
| Databáze: | OpenAIRE |
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