Joint Decision-Making Model of Power Manufacturer Participation in Green Certificate Market and Medium - and Long-Term Power Market
To effectively guide power manufacturers in the medium and long-term market and green certificate market trading behavior. This paper firstly constructs the model of power manufacturers' participation in the green certificate market and the model of participating in the medium and long-term mar...
| Main Authors: | , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2023-01-01
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| Series: | SHS Web of Conferences |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2023/19/shsconf_cdems2023_03002.pdf |
| _version_ | 1797799568372400128 |
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| author | Zhang Wenyu Shen Yu Xing Chen Cai Hongfei Xu Xiaochuan Song Zhenyu Zhang Zhenhao |
| author_facet | Zhang Wenyu Shen Yu Xing Chen Cai Hongfei Xu Xiaochuan Song Zhenyu Zhang Zhenhao |
| author_sort | Zhang Wenyu |
| collection | DOAJ |
| description | To effectively guide power manufacturers in the medium and long-term market and green certificate market trading behavior. This paper firstly constructs the model of power manufacturers' participation in the green certificate market and the model of participating in the medium and long-term market of power, and establishes the coupling constraint of power manufacturers' participation in the power market and the green certificate market. Secondly, considering the speculative behavior of power manufacturers and using conditional value-at-risk to depict the profit risk of electricity generation due to the uncertainty of market price, the optimal comprehensive benefit considering the annual expected profit and risk of power manufacturers is taken as the decision-making objective, and the joint decision-making model of power manufacturers participating in the green certificate market and the medium and long term power market is established. It is helpful for power manufacturers to make trading decisions in medium and longterm market and green certificate market. |
| first_indexed | 2024-03-13T04:21:53Z |
| format | Article |
| id | doaj.art-84c4537d54e64f53b306227a5ff198e2 |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-03-13T04:21:53Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-84c4537d54e64f53b306227a5ff198e22023-06-20T09:11:36ZengEDP SciencesSHS Web of Conferences2261-24242023-01-011700300210.1051/shsconf/202317003002shsconf_cdems2023_03002Joint Decision-Making Model of Power Manufacturer Participation in Green Certificate Market and Medium - and Long-Term Power MarketZhang Wenyu0Shen Yu1Xing Chen2Cai Hongfei3Xu Xiaochuan4Song Zhenyu5Zhang Zhenhao6State Grid Hebei Zhangjiakou Scenery Storage and Transportation New Energy Co. LTDState Grid Hebei Zhangjiakou Scenery Storage and Transportation New Energy Co. LTDState Grid Hebei Zhangjiakou Scenery Storage and Transportation New Energy Co. LTDState Grid Hebei Zhangjiakou Scenery Storage and Transportation New Energy Co. LTDState Grid Hebei Zhangjiakou Scenery Storage and Transportation New Energy Co. LTDState Grid Hebei Zhangjiakou Scenery Storage and Transportation New Energy Co. LTDState Grid Hebei Zhangjiakou Scenery Storage and Transportation New Energy Co. LTDTo effectively guide power manufacturers in the medium and long-term market and green certificate market trading behavior. This paper firstly constructs the model of power manufacturers' participation in the green certificate market and the model of participating in the medium and long-term market of power, and establishes the coupling constraint of power manufacturers' participation in the power market and the green certificate market. Secondly, considering the speculative behavior of power manufacturers and using conditional value-at-risk to depict the profit risk of electricity generation due to the uncertainty of market price, the optimal comprehensive benefit considering the annual expected profit and risk of power manufacturers is taken as the decision-making objective, and the joint decision-making model of power manufacturers participating in the green certificate market and the medium and long term power market is established. It is helpful for power manufacturers to make trading decisions in medium and longterm market and green certificate market.https://www.shs-conferences.org/articles/shsconf/pdf/2023/19/shsconf_cdems2023_03002.pdf |
| spellingShingle | Zhang Wenyu Shen Yu Xing Chen Cai Hongfei Xu Xiaochuan Song Zhenyu Zhang Zhenhao Joint Decision-Making Model of Power Manufacturer Participation in Green Certificate Market and Medium - and Long-Term Power Market SHS Web of Conferences |
| title | Joint Decision-Making Model of Power Manufacturer Participation in Green Certificate Market and Medium - and Long-Term Power Market |
| title_full | Joint Decision-Making Model of Power Manufacturer Participation in Green Certificate Market and Medium - and Long-Term Power Market |
| title_fullStr | Joint Decision-Making Model of Power Manufacturer Participation in Green Certificate Market and Medium - and Long-Term Power Market |
| title_full_unstemmed | Joint Decision-Making Model of Power Manufacturer Participation in Green Certificate Market and Medium - and Long-Term Power Market |
| title_short | Joint Decision-Making Model of Power Manufacturer Participation in Green Certificate Market and Medium - and Long-Term Power Market |
| title_sort | joint decision making model of power manufacturer participation in green certificate market and medium and long term power market |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2023/19/shsconf_cdems2023_03002.pdf |
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