Modelling and Assessing the Advantages of Integrating Wind, Solar, and Coal Systems within an Annual Bilateral Trading Setting
DOI:
https://doi.org/10.13052/spee1048-5236.4337Keywords:
Electricity markets, coupling systems, LCOE, game theoryAbstract
The integration and co-location of new energy sources and thermal power generation within the same grid connection point, under the management of a single market operator, provide noteworthy potential for exploration in the northern part of our nation. This method is based on the premise of allocating new energy resources primarily for generating contracted electricity, while using thermal power to offer ancillary services. This strategy aims to integrate and use the distinct benefits of both thermal power and new energy sources. The yearly bilateral trade market has significant potential for growth and development. In order to model and evaluate the income generated by the interconnected system’s involvement in the yearly bilateral trading market, this study first establishes the definition of the interconnected system and examines its research significance in engaging in annual bilateral trading. This study utilizes the theoretical framework of master-slave games to analyze the involvement of a coupled system in yearly bilateral trade. The specific case examined in this research is a wind-solar-thermal coupling system located in a particular location of Liaoning Province. This study examines the economic advantages of engaging in the electricity market by considering the marginal cost and LCOE (Levelized Cost of Electricity) perspectives. The findings suggest a notable enhancement in the advantages of the integrated system inside the yearly bilateral trade market, in contrast to conventional power sources present in the market, as well as instances when these sources function autonomously without integration.
Downloads
References
W. S. Wang, W. S. Wang, W. F. Lin, G. Q. He, W. H. Shi, and S. L. Feng, “Implications of the texas 2021 blackout for new energy development in china,” Chinese Journal of Electrical Engineering, vol. 41, no. 12, p. 10, 2021.
Z. Y. Zhuo, N. Zhang, X. R. Xie, Z. H. Li, and C. Q. Kang, “Key technologies and development challenges of high percentage renewable energy power systems,” Power Systems Automation, vol. 45, no. 9, p. 21, 2021.
“Northeast regulatory bureau of the national energy administration. notice on the issuance of the rules for medium and long term trading of electricity in liaoning province,” http://dbj.nea.gov.cn/zwfw/zcfg/202102/t20210210_4084066.html.
“National energy bureau. announcement on the public consultation on the “national development and reform commission national energy administration’s guidance on the integration of wind, water, fire and storage and ‘integration of source, network, load and storage (draft for comments),” http://www.nea.gov.cn/2020-08/27/c_139321964.htm.
G. Cheng, F. Xu, B. Hu, L. Hao, L. Chen, G. P. Zhou, and Y. Min, “Study on the synergistic performance and combined design of integrated coupling of renewable energy and thermal power,” Grid Technology, 2021.
Y. H. Song, M. L. Bao, Y. Ding, C. Z. Shao, and N. Shang, “A review of key points of china’s electricity spot market construction under the new electricity reform and related suggestions,” Chinese Journal of Electrical Engineering, vol. 40, no. 10, p. 15, 2020.
F. X. Peng, X. Sui, S. B. Hu, and et al., “A joint wind and fire bidding strategy based on information-gap decision making,” Power Grid Technology, vol. 45, no. 09, 2021.
T. Qu, X. L. Su, X. X. Yan, and Y. X. Tan, “A joint frequency regulation strategy for wind storage and fire based on frequency division principle and area control,” Electrical Measurement and Instrumentation, vol. 55, no. 20, p. 9, 2018.
Z. F. Tan, Y. H. Song, H. J. Zhang, and J. C. Shang, “Large-scale wind power and thermal power joint outfeed system and its profit distribution model,” Power Systems Automation, vol. 37, no. 23, p. 8, 2013.
S. Huang, W. X. Liu, Y. Chang, and Z. Q. Liu, “A game theory-based strategy for wind and fire bundling to participate in direct purchase by large customers,” Modern Electricity, vol. 37, no. 2, p. 9, 2020.
C. Z. Wang, “Research on electricity pricing under bilateral trading model,” Ph.D. dissertation, Southwest Jiaotong University, 2016.
D. B. Fang and X. A. Wang, “A two-party call auction model for electricity trading between generation companies and large consumers under the electricity market,” Power Grid Technology, no. 6, p. 5, 2005.
S. L. Zhang, “Research on some issues of bilateral trading in the electricity market,” Ph.D. dissertation, South China University of Technology, 2011.
“Ministry of environmental protection. notice on the issuance of the environmental protection tariff for coal-fired generating units and the regulation of the operation of environmental protection facilities,” https://www.mee.gov.cn/gkml/hbb/gwy/201404/t20140404_270185.htm.
Y. J. Liao, L. Wang, and W. B. Luo, “A study on the cost of flue gas desulphurization units in thermal power plants,” Power Construction, no. 04, pp. 82–86, 2007.
C. Wu, B. T. Gao, Y. Tang, and Q. Wang, “A master-slave game-based model for bilateral contract trading between generators and large consumers,” Power Systems Automation, vol. 40, no. 22, p. 7, 2016.
“Liaoning provincial development and reform commission. notice of the provincial development and reform commission on matters related to the adjustment of transmission and distribution prices and sales tariffs in the province,” http://fgw.ln.gov.cn/xw/wndt/202012/t20201201_4039687.html.
“Development and reform commission of the people’s republic of China. notice of national development and reform commission on improving the policy on feed-in tariff for onshore wind power and photovoltaic power generation,” https://www.ndrc.gov.cn/xxgk/zcfb/tz/201512/t20151224_963536.html?code=&state=123.
“National development and reform commission of the people’s republic of China. answer to a reporter’s question on the new energy feed-in tariff policy in 2021,” https://www.ndrc.gov.cn/fggz/fgzy/shgqhy/202106/t202106151283289.html?code=&state=1233.
H. Wang, “Research on the distribution of benefits to stakeholders of ppp projects based on game theory,” Ph.D. dissertation, Tianjin University, 2012.
https://aeeeuropeenergy.com/