Bidding strategy of power generation companies in the centralized electricity spot market

Abstract

With the development of China’s power market reform, the spot market has gradually opened up. The spot market is characterized by volatility and uncertainty. Generators urgently need to manage spot market trading income and risks to avoid the risk of spot price fluctuations. This paper studies the bidding strategies of power generation companies in the concentrated spot market, proposes a risk-return coordination method based on the probability of winning bids and conducts case verification. The example shows that the method can assist the power generation companies to formulate bidding strategies.

Joint Operation Modes and Economic Analysis of Nuclear Power and Pumped Storage Plants under Different Power Market Environments

“…Their joint operation can more effectively satisfy the requirements of the power system [13,14]. Prior studies discussed that the joint operation of nuclear power and pumped storage can satisfy the peak shaving demand of a power grid and ensure the stable operation of nuclear power for the base-load [15,16]. Furthermore, certain studies indicated that the joint operation of nuclear power and pumped storage can reduce the marginal cost of nuclear power over generations and improve the economic advantages of power systems [17].…”