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SCIENTIA SINICA Informationis
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SCIENTIA SINICA Informationis, Volume 49 , Issue 8 : 1050-1065(2019) https://doi.org/10.1360/N112018-00073

A day-ahead electricity market-clearing model considering medium- and long-term transactions and wind producer participation

Ming ZHOU 1,*, Zhaoyuan WU 1, Yiheng HE 1, Gengyin LI 1, Tong ZHAO 2, Suyan LONG 3
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  • ReceivedAug 27, 2018
  • AcceptedOct 16, 2018
  • PublishedAug 9, 2019
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Abstract


Funded by

国家电网公司科技项目(18-GW-03)


References

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  • Table 1   The consumption levels and the long-term contracts decomposition results (MW)
    c
    Load
    c
    The decompostion amount of long-term contracts
    Period 1 2 3 $Q^{CH}_{1t}$ $Q^{CH}_{2t}$ $Q^{CH}_{3t}$ $Q^{CH}_{4t}$ $Q^{CL}_{1t}$ $Q^{CL}_{2t}$ $Q^{CL}_{3t}$ $Q^{CL}_{4t}$
    1 500 220 280 500 200 100 50 150 100 80 50
    2 450 225 300 450 150 50 50 120 70 40 50
    3 450 200 290 500 150 75 50 80 90 60 50
  • Table 2   Generation levels in different proportion of long-term contract (MW)
    c
    High contract proportion (70%) c
    Low contract proportion (30%) No contract
    Period $P^g_{1t}$ $P^g_{2t}$ $P^g_{3t}$ $P^g_{wt}$ $P^g_{1t}$ $P^g_{2t}$ $P^g_{3t}$ $P^g_{wt}$ $P^g_{1t}$ $P^g_{2t}$ $P^g_{3t}$ $P^g_{wt}$
    1 600.0 180.0 127.9 92.1 600.0 177.1 128.3 94.6 600.0 177.1 128.3 94.6
    2 587.7 210.0 83.2 94.2 587.7 210.0 83.2 94.2 587.7 210.0 83.2 94.2
    3 600.0 177.4 75.0 92.6 600.0 190.6 60.0 89.4 600.0 194.6 49.87 95.6
  • Table 3   LMP of electricity and reserve in day-ahead market
    Bus c
    Co-optimized of energy and reserve c
    Orderly optimized of energy and reserve
    c
    LMP of energy (/MWh) c
    LMP of reserve (/MWh) LMP of energy (/MWh) LMP of reserve (/MWh)
    1 2 3 1 2 3 1 2 3 1 2 3
    1 10.00 10.00 15.00 12.07 11.15 12.40 10.00 10.00 15.00 14.63 15.12 13.42
    2 15.00 16.98 15.00 12.13 12.89 12.65 11.87 16.98 15.00 16.85 13.34 13.63
    3 28.43 26.38 25.00 10.89 15.24 12.40 27.34 26.38 15.00 11.55 15.98 13.37
    4 30.00 30.00 15.67 11.13 16.15 13.92 30.00 30.00 15.00 12.40 16.6 14.1
    5 16.27 39.94 15.00 11.77 18.63 12.40 16.27 39.94 15.00 14.24 19.54 14.09
    Total cost 44762 47382
  • Table 4   The settlement results of the day-ahead market
    Unit c
    Long-term contract c
    Generation revenue ($\$$) Revenue of reserve ($\$$) Total revenue ($\$$)
    revenue ($\$$)
    1 2 3 1 2 3 1 2 3 –
    Unit 1 6000 4560 4800 1000 2077 3000 0 0 0 21437
    Unit 2 2550 2890 2805 450.0 679.2 186.0 0 0 29.68 9590
    Unit 3 1395 1550 1705 2487 996.0 313.4 175.33 181.22 55.23 8858
    Unit 4 1000 1000 1000 685.0 1765 639.0 $-$175.33 $-$181.22 $-$84.91 5648