Market analysis of an ancillary service to promote flexible resources

被引：0
|
作者：
Yang T. [1 ]
Li X. [2 ]
Zou B. [1 ]
Gu S. [1 ]
机构：
[1] School of Mechatronic Engineering and Automation, Shanghai University, Shanghai
[2] State Grid East China Branch, Shanghai
来源：
Dianli Xitong Baohu yu Kongzhi/Power System Protection and Control | 2023年 / 51卷 / 07期
基金：
中国国家自然科学基金;
关键词：
ancillary service market; flexible resources; power market; pumped storage power station; spot market;
D O I：
10.19783/j.cnki.pspc.220896
中图分类号：
学科分类号：
摘要：
In order to stimulate flexible resources, many changes have taken place in the ancillary service market rules of the electricity market, such as opportunity cost, regulation performance price and operating reserve demand curve mechanism in the North American electricity market. This paper puts forward a general formula of ancillary service pricing, one which establishes the relationship between the energy and ancillary service markets, and expounds the meaning of ancillary service market rules. Taking a pumped storage power station as an example, based on the actual market operating price, we quantitatively estimate the role of ancillary service market rules in increasing the return of flexible resources. The research shows that the ancillary service pricing formula given here better explains the price data of the actual market, and verifies the correctness of the ancillary service market pricing formula. Regulation performance price gives more incentives to flexible resources, and its income accounts for about 10% of the total revenue, while opportunity cost has no special incentives. The operation reserve demand curve and its additional electricity price mechanism is a capacity compensation mechanism, and its compensation strength is very prominent. Under the current market rules, the main income of pumped storage power stations comes from the arbitrage of the energy market, and the income of ancillary services is still in a secondary position. © 2023 Power System Protection and Control Press. All rights reserved.
引用
收藏
页码：73 / 83
页数：10
相关论文
共 25 条
  • [1] GUO Hongye, CHEN Qixin, XIA Qing, Et al., Flexible ramping product in electricity markets: basic concept, equilibrium model and research prospect, Proceedings of the CSEE, 37, 11, pp. 3057-3066, (2017)
  • [2] LU Zongxiang, LI Haibo, QIAO Ying, Power system flexibility planning and challenges considering high proportion of renewable energy, Automation of Electric Power Systems, 40, 13, pp. 147-158, (2016)
  • [3] BERRADA A, LOUDIYI K, ZORKANI I., Valuation of energy storage in energy and regulation markets, Energy, 115, 1, pp. 1109-1118, (2016)
  • [4] FAN Yuqi, DING Tao, SUN Yuge, Et al., Review and cogitation for worldwide spot market development to promote renewable energy accommodation, Proceedings of the CSEE, 41, 5, pp. 1729-1752, (2021)
  • [5] FERC proposals and orders on standard market design and regional transmission organizations
  • [6] WANG Beibei, KANG Lijun, MIAO Xiyun, Et al., Analysis and enlightenment of renewable energy and demand response participating in UK and US capacity markets considering capacity credibility, Power System Technology, 46, 4, pp. 1233-1247, (2022)
  • [7] PJM manual 18: PJM capacity market
  • [8] CHEN Zhongfei, JING Zhaoxia, CHEN Dapeng, Et al., Analysis on pricing mechanism in frequency regulation ancillary service market of united states, Automation of Electric Power Systems, 42, 12, pp. 1-10, (2018)
  • [9] ZARNIKAU J, ZHU S, WOO C K, Et al., Texas's operating reserve demand curve's generation investment incentive, Energy Policy, (2020)
  • [10] ZHANG Xian, SHI Lianjun, Future research areas and key technologies of electricity market in China, Automation of Electric Power Systems, 44, 16, pp. 1-11, (2020)
123