Modeling the clearing of intra-provincial power market considering the equivalent value of power supply from outside Guangdong Province under the environment of Southern Regional Market (SRM)

Autor: Wang Haohao, Huang Yuanming, Luo Jinqing, Shu Kangan, Sun Qian, Chen Qing
Jazyk: angličtina
Rok vydání: 2024
Předmět:
Zdroj: Applied Mathematics and Nonlinear Sciences, Vol 9, Iss 1 (2024)
Druh dokumentu: article
ISSN: 2444-8656
DOI: 10.2478/amns-2024-0881
Popis: Focusing on the complex market environment of Guangdong Province, this research pioneers a model for assimilating external power sources into the intra-provincial power market, a critical move to support the region’s high demand for electricity driven by robust economic activities. Our study innovatively tackles the province’s fluctuating power supply and demand by employing a novel power supply equivalence and co-modulation technique, enhancing system modeling efficiency and computational effectiveness. Comparative evaluations demonstrate that our approach significantly reduces the power market’s purchase costs by 15% while safeguarding power supply stability and security. The proposed model presents a breakthrough in optimizing Guangdong’s power market’s economic and reliability aspects, offering a promising pathway for future market clearing practices.
Databáze: Directory of Open Access Journals