Research on daily trading plan considering spinning reserve in power market

Author

Ming, Zhou ; Gengyin, Li ; Huijuan, Li ; Guanqi, Liu

Author_Institution

Dept. of Electr. Eng., North China Electr. Power Univ., Baoding, China

Volume

3

fYear

2002

fDate

28-31 Oct. 2002

Firstpage

1805

Abstract

Considering the trend of simultaneous existence of electricity market and ancillary services market, this paper proposes an integrated bidding model of electric energy with ancillary service, and presents a solving method based on network flow programming method. The pricing of ancillary service and distribution scheme is then determined. A practical software for daily trading plan considering spinning reserve in power market has been developed. Some typical examples are tested and analyzed The comparison results between the proposed approach and separated bidding method show that both proposed model and solution are correct and effective.

Keywords

power generation scheduling; power markets; power system economics; 6-machine system; ancillary services market; daily trading plan; distribution scheme; electricity market; integrated bidding model; network flow programming method; power market; pricing; separated bidding method; spinning reserve; trading plan software; Contracts; Cost function; Electricity supply industry; Integrated circuit modeling; Power markets; Power system modeling; Power system reliability; Power system security; Pricing; Spinning;

fLanguage

English

Publisher

ieee

Conference_Titel

TENCON '02. Proceedings. 2002 IEEE Region 10 Conference on Computers, Communications, Control and Power Engineering

Print_ISBN

0-7803-7490-8

Type

conf

DOI

10.1109/TENCON.2002.1182686

Filename

1182686