The generation revenue and demand payment assessment for pool based market model in Malaysia electricity supply industry
| Autor: | Zuraidah Ngadiron, Mohammad Yusri Hassan, N. H. Radzi |
|---|---|
| Rok vydání: | 2019 |
| Předmět: |
Control and Optimization
Mains electricity Computer Networks and Communications media_common.quotation_subject Spot market Efficiency Payment Electricity supply industry Term (time) Pool market Peak demand Hardware and Architecture Control and Systems Engineering Order (exchange) Value (economics) Computer Science (miscellaneous) Revenue Business Electrical and Electronic Engineering Capacity payment Instrumentation Industrial organization Information Systems media_common |
| Popis: | The objective of this paper is to address the economic benefits in term of generation revenue and demand payment for the pool based market model in Malaysia electricity supply industry (MESI). In pool market model, there are issues on the benefit of the generators such as too high system marginal price (SMP) during peak demand and no revenue during low demand. Therefore, conceptual study for two bus test system in MESI involving four generators around Peninsular Malaysia is conducted to perform the economic analysis in term of generation revenue and demand assessment considering existing single buyer model and pool based market model, i.e., pool model, spot market model and the proposed model, in order to identify which market model is superior. As a result, the proposed model managed to decrease the demand payment as it is proportional to generation revenue, even though the generation revenue is at intermediate value and succeed to increase the low and medium generator’s revenue. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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