Electricity pricing mechanism for power system with wind power: Cost-benefit based analysis

被引:0
|
作者
Zhao X. [1 ,2 ]
Sun C. [1 ,2 ]
机构
[1] School of Economics and Management, China University of Petroleum-Beijing, Beijing
[2] Institute for Low Carbon Economy and Policy, China University of Petroleum-Beijing, Beijing
基金
中国国家自然科学基金;
关键词
Benefit-cost analysis; Power price mechanism; Power system; Renewable energy;
D O I
10.12011/SETP2019-1908
中图分类号
学科分类号
摘要
It is important to study the suitable pricing mechanism based on benefit-cost analysis, which is a guarantee to realize the goal of China's energy system upgrade. Two kinds of models are studied: The medium-and-long term trading market clearing model, the day-ahead incremental spot market model. A bi-objective function is established in the real-time equilibrium dispatch model: One objective is to realize the least system cost, and the other is to realize the least amount of discarded wind power. An electricity market trading simulation in the IEEE 6-bus standard test system is conducted. We find that, the locational marginal price (LMP) mechanism is beneficial to the development of renewable energy and power industry. The results also indicate that, the node marginal price mechanism can minimize the total cost of the power system when system benefit is identified. © 2021, Editorial Board of Journal of Systems Engineering Society of China. All right reserved.
引用
收藏
页码:1465 / 1475
页数:10
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