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| Content Provider | IET Digital Library |
|---|---|
| Author | Liu, Yangyang Chen, Tianen Wang, Jianxue Li, Yan Li, Yunhao Liu, Ruifeng |
| Abstract | In recent years, the increasing integration of wind power has become a critical issue in power system. Owing to the randomness and intermittency of wind generation, it is a big challenge to incorporate wind power into power market operation fairly. To address this challenge, a novel method is presented for wind generation companies to bid in a nodal power market. Wind power output is comprised of two parts, i.e. reliable energy part and uncertain energy part. In the nodal power market, reliable energy bids in single price mode. On the other hand, uncertain energy bids in two-part price mode, which contains adjustment price and energy price. According to the above remarkable features, the authors’ research develops the mathematical model for wind power bidding and design the corresponding market clearing mechanism. Also, the impact of their method on wind power accommodation and social benefit is deeply analysed. Numerical results indicate that the proposed method enables the fair competition among renewable energy generation company in the electricity market; thus, could enhance the integration of wind power while alleviating on providing a subsidy. |
| Starting Page | 870 |
| Ending Page | 873 |
| Page Count | 4 |
| Volume Number | 2017 |
| e-ISSN | 20513305 |
| Issue Number | Issue 13, Jan (2017) |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/joe/2017/13 |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/10.1049/joe.2017.0454 |
| Journal | The Journal of Engineering |
| Publisher | The Institution of Engineering and Technology |
| Publisher Date | 2017-01-01 |
| Access Restriction | Open |
| Rights License | Creative Commons Attribution License (http://creativecommons.org/licenses/by/3.0/) |
| Subject Keyword | Adjustment Price Bidding Method Electricity Market Energy Price Market Clearing Mechanism Mathematical Model Nodal Power Market Power Market Power System Economics Power System Managemen Power System Operation Pricing Reliable Energy Bids Renewable Energy Generation Company Two-part Price Mode Uncertain Energy Bids Wind Generation Company Wind Power Accommodation Wind Power Bidding Wind Power Plant |
| Content Type | Text |
| Resource Type | Article |
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