Revenue Analysis and Evaluation of Wind-Solar-Thermal Coupled Systems in the Context of Peak Regulation Auxiliary Service Market

Authors

  • Chen Yeshuai School of Electrical Engineering, Northeast Electric Power University, Jilin, China
  • Bian Guoliang School of Electrical Engineering, Northeast Electric Power University, Jilin, China
  • Gong Jianguo State Grid Zhejiang Electric Power Company Hangzhou Power Supply Company, China

DOI:

https://doi.org/10.13052/dgaej2156-3306.3951

Keywords:

Coupled system, peak shaving, electricity market

Abstract

In the northern regions of China, the co-location of new energy sources and thermal power plants at a single grid connection point has led to the formation of a unique operational entity. This configuration adheres to an operational paradigm where new energy predominantly fulfills contracted electricity requirements, while thermal power facilities provide ancillary services. This arrangement facilitates a synergistic integration of thermal and renewable energy resources, showcasing substantial potential in the peak regulation auxiliary service market. To rigorously assess the financial performance of such a coupled system in the peak regulation market, this study initially delineates the structure of a wind-solar-thermal coupled system at a unified grid connection point and subsequently evaluates its economic impact within the auxiliary service market. The analysis progresses by employing a bubble sorting methodology to model the participation of this integrated system in the market. Furthermore, the research implements a practical case study by establishing a coupled system in a specified locale within Liaoning Province, wherein its market performance and economic benefits are critically examined. Comparative analysis indicates that the coupled system significantly outperforms traditional power sources and its standalone counterparts in terms of market efficiency and economic viability in the peak regulation context. In the scenario set up in this paper, the revenue capacity of the peaking auxiliary service market after system coupled is enhanced compared with that before coupled, the revenue increases by 2 million yuan.

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Author Biographies

Chen Yeshuai, School of Electrical Engineering, Northeast Electric Power University, Jilin, China

Chen Yeshuai, male, from Anhui, is a master’s student in Electrical Engineering at Northeast Electric Power University, specializing in power markets.

Bian Guoliang, School of Electrical Engineering, Northeast Electric Power University, Jilin, China

Bian Guoliang, male, from Shandong, obtained his master’s degree in Electrical Engineering from Northeast Electric Power University in 2024 and is currently a doctoral student there. His primary research focus is on power markets.

Gong Jianguo, State Grid Zhejiang Electric Power Company Hangzhou Power Supply Company, China

Gong Jianguo, male, from Hangzhou, Zhejiang, holds a master’s degree in Electrical Engineering and is a senior engineer.

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Published

2024-12-24

How to Cite

Yeshuai, C. ., Guoliang, B. ., & Jianguo, G. . (2024). Revenue Analysis and Evaluation of Wind-Solar-Thermal Coupled Systems in the Context of Peak Regulation Auxiliary Service Market. Distributed Generation &Amp; Alternative Energy Journal, 39(05), 941–960. https://doi.org/10.13052/dgaej2156-3306.3951

Issue

Section

Renewable Power & Energy Systems