Title :
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
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;
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
DOI :
10.1109/APPEEC.2009.4918171
