Wind Power Pricing Game Strategy under the China’s Market Trading Mechanism

Dong, Fugui; Ding, Xiangyi; Lei, Shi

doi:10.3390/en12183456

Cited by 6 publications

(3 citation statements)

References 15 publications

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“…The development of renewable energy is an important means to solve the shortage of energy resources and environmental pollution [15]. If only the quota system is considered, the geographical distribution of distributed energy resources is ignored, resulting in the locality of resource allocation.…”

Section: Analysis On the Impact Of Renewable Energy Quota System And Green Certificate Mechanismmentioning

confidence: 99%

Research on Trading Optimization Model of Virtual Power Plant in Medium- and Long-Term Market

2022

Energies

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In the medium- and long-term market, the power generation side and the power purchase side ensure to avoid the fluctuation of delivery prices through the medium- and long-term power contract, to avoid some market risks. This paper combines virtual power plants to aggregate distributed renewable energy to participate in market transactions. Firstly, this paper analyzes the two operation modes of power markets and combs the transaction varieties and modes in the medium- and long-term market. Secondly, the common contract power decomposition methods in the medium- and long-term market are analyzed, and the revenue model of virtual power plants is established. Then, combined with the renewable energy quota system and the green certificate trading mechanism, this paper constructs an optimization model of medium- and long-term contract trading of virtual power plants considering renewable energy derivatives. Finally, different renewable energy output scenarios are designed to analyze the benefits of virtual power plants in centralized and decentralized power markets. The example analysis shows the effectiveness of price difference contract for virtual power plants to ensure the renewable power revenue, which provides a certain reference for virtual power plants to participate in the power market.

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Section: Analysis On the Impact Of Renewable Energy Quota System And Green Certificate Mechanismmentioning

confidence: 99%

Research on Trading Optimization Model of Virtual Power Plant in Medium- and Long-Term Market

2022

Energies

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“…A distributed demand-side energy management system was established in [18], and the interaction between users and power sales agents was analyzed through game theory for the future smart grid. As mentioned above, many references [19][20][21][22] regarded electrical energy as the main energy supply of the system and mainly focused on the electricity market trading models, without involving other energy types such as thermal energy [23]. In addition, a trading mode of power generation rights between traditional energy and new energy based on cooperative game theory was discussed in [24], and the profits of market entities and market equilibria are analyzed.…”

Section: Introductionmentioning

confidence: 99%

Market Trading Model of Urban Energy Internet Based on Tripartite Game Theory

Chen

Wang

et al. 2020

Energies

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As an important driving force to promote the energy revolution, the emergence of the energy internet has provided new ideas for the marketization and flexibility of multi-energy transactions. How to realize multi-energy joint trading is a key issue in the development of the energy market. An urban energy internet market trading model among energy suppliers, energy service providers and the large users in the urban area, based on tripartite game theory, is established in this paper. Considering the cost–income function of each market entity and the basic market trading mechanism, a new game-tree search method is proposed to solve the Nash equilibria for the game model. The Nash equilibria of the tripartite game can be obtained, and the market transaction status corresponding to the Nash equilibria is analyzed from the perspective of the market transactions. The multi-energy joint transaction and market equilibria can be easily implemented for the bids and offers of the multiple energy entities in the urban energy internet market.

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“…are developing rapidly in China and around the world. For example, the newly installed capacity of wind power in China in 2017 is 188.4 GW, which is 35% of the newly installed wind power in the world [1,2]. However, compared to traditional power (coal or hydro), renewable energy has the drawbacks of intermittence and instability.…”

Section: Introductionmentioning

confidence: 99%

Design of a New Compressed Air Energy Storage System with Constant Gas Pressure and Temperature for Application in Coal Mine Roadways

et al. 2019

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Renewable energy (wind and solar power, etc.) are developing rapidly around the world. However, compared to traditional power (coal or hydro), renewable energy has the drawbacks of intermittence and instability. Energy storage is the key to solving the above problems. The present study focuses on the compressed air energy storage (CAES) system, which is one of the large-scale energy storage methods. As a lot of underground coal mines are going to be closed in China in the coming years, a novel CAES system is proposed for application in roadways of the closing coal mines. The new system combines pumped-hydro and compressed-air methods, and features constant air pressure and temperature. Another specific character of the system is the usage of flexible bags to store the compressed air, which can effectively reduce air leakage. The governing equations of the system are derived, and the response of the system is analyzed. According to the equations, for a roadway with depth of 500 m and volume of 10,000 cubic meters, the power generation capacity of the CAES system is approximately 18 MW and the generating time is 1.76 h. The results show that the new CAES system proposed is reasonable, and provides a suitable way to utilize the underground space of coal mines.

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Wind Power Pricing Game Strategy under the China’s Market Trading Mechanism

Cited by 6 publications

References 15 publications

Research on Trading Optimization Model of Virtual Power Plant in Medium- and Long-Term Market

Research on Trading Optimization Model of Virtual Power Plant in Medium- and Long-Term Market

Market Trading Model of Urban Energy Internet Based on Tripartite Game Theory

Design of a New Compressed Air Energy Storage System with Constant Gas Pressure and Temperature for Application in Coal Mine Roadways

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