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A Novel Loss of Excitation Protection Principle for Synchronous Condenser Based on Leading Rate Read chapter Read first chapter

2020 | OriginalPaper | Chapter

Influence of Risk Favor on the Market Clearing of a Competitive Electricity Market

Authors : Shuhai Feng, Xuan Zhang, Yang Bai, Limin Cheng, Yu-Qing Bao, Mei Wu

Published in: Proceedings of PURPLE MOUNTAIN FORUM 2019-International Forum on Smart Grid Protection and Control

Publisher: Springer Nature Singapore

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Abstract

For a pool-based electricity power market, the bidding strategy of individual generators is a key factor that influence the market clearing price. In this paper, the profit function and risk indexes for individual generators are derived. The bidding strategies of generators are selected based on different preference of profit and risks. Three typical strategy, aggressive, normal and conservative, are chosen as the bidding strategy for analysis. Simulations results on different scenarios show obvious effects of bidding strategies on the market clearing results.

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previous chapter Optimal Deployment of Energy Storage for Providing Peak Regulation Service in Smart Grid with Renewable Energy Sources
next chapter Research on Equilibrium of Power Spot Market Considering Demand Response Strategy
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Metadata
Title
Influence of Risk Favor on the Market Clearing of a Competitive Electricity Market
Authors
Shuhai Feng
Xuan Zhang
Yang Bai
Limin Cheng
Yu-Qing Bao
Mei Wu
Copyright Year
2020
Publisher
Springer Nature Singapore
Book
Proceedings of PURPLE MOUNTAIN FORUM 2019-International Forum on Smart Grid Protection and Control

Print ISBN: 978-981-13-9778-3

Electronic ISBN: 978-981-13-9779-0

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-981-13-9779-0_76