Analysis on the Impact of Cooperation Between Independent Power Producer and the Grid Company in Day-Ahead Electricity Market

Author

Li, Qingqing ; Zhou, Jianzhong ; Mo, Li ; Yang, Junjie ; An, Xueli

Author_Institution

Coll. of Hydroelectric & Digitization Eng., Huazhong Univ. of Sci. & Technol., Wuhan

fYear

2009

fDate

27-31 March 2009

Firstpage

1

Lastpage

5

Abstract

The cooperation between independent power producer (IPP) and the grid company (GC) in day-ahead bidding market are analyzed to identify its impact on different market agents. The profit models of market agents both with and without the cooperation of IPP and GC are constructed. Necessary conditions for cooperation with the consideration of maximum capacity constraint are derived, and then the impacts of their cooperation are analyzed to conduct corresponding conclusions. A numerical example is also provided to prove these conclusions.

Keywords

numerical analysis; power markets; bidding market; day-ahead electricity market; grid company; independent power producer; numerical example; Costs; Decision making; Educational institutions; Electricity supply industry; Electricity supply industry deregulation; Game theory; Gaussian distribution; Power engineering and energy; Power generation; Power markets;

fLanguage

English

Publisher

ieee

Conference_Titel

Power and Energy Engineering Conference, 2009. APPEEC 2009. Asia-Pacific

Conference_Location

Wuhan

Print_ISBN

978-1-4244-2486-3

Electronic_ISBN

978-1-4244-2487-0

Type

conf

DOI

10.1109/APPEEC.2009.4918171

Filename

4918171