Optimization operation model of electricity market considering renewable energy accommodation and flexibility requirement
The renewable portfolio standard has been promoted in parallel with the reform of the electricity market, and the flexibility requirement of the power system has rapidly increased. To promote renewable energy consumption and improve power system flexibility, a bi-level optimal operation model of the...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
KeAi Communications Co., Ltd.
2021-06-01
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| Series: | Global Energy Interconnection |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2096511721000682 |
| _version_ | 1819137790804230144 |
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| author | Jinye Yang Chunyang Liu Yuanze Mi Hengxu Zhang Vladimir Terzija |
| author_facet | Jinye Yang Chunyang Liu Yuanze Mi Hengxu Zhang Vladimir Terzija |
| author_sort | Jinye Yang |
| collection | DOAJ |
| description | The renewable portfolio standard has been promoted in parallel with the reform of the electricity market, and the flexibility requirement of the power system has rapidly increased. To promote renewable energy consumption and improve power system flexibility, a bi-level optimal operation model of the electricity market is proposed. A probabilistic model of the flexibility requirement is established, considering the correlation between wind power, photovoltaic power, and load. A bi-level optimization model is established for the multi-markets; the upper and lower models represent the intra-provincial market and inter-provincial market models, respectively. To efficiently solve the model, it is transformed into a mixed-integer linear programming model using the Karush–Kuhn–Tucker condition and Lagrangian duality theory. The economy and flexibility of the model are verified using a provincial power grid as an example. |
| first_indexed | 2024-12-22T10:56:29Z |
| format | Article |
| id | doaj.art-b531e332bf5143bbac93ace89dcb4433 |
| institution | Directory Open Access Journal |
| issn | 2096-5117 |
| language | English |
| last_indexed | 2024-12-22T10:56:29Z |
| publishDate | 2021-06-01 |
| publisher | KeAi Communications Co., Ltd. |
| record_format | Article |
| series | Global Energy Interconnection |
| spelling | doaj.art-b531e332bf5143bbac93ace89dcb44332022-12-21T18:28:36ZengKeAi Communications Co., Ltd.Global Energy Interconnection2096-51172021-06-0143227238Optimization operation model of electricity market considering renewable energy accommodation and flexibility requirementJinye Yang0Chunyang Liu1Yuanze Mi2Hengxu Zhang3Vladimir Terzija4Key Laboratory of Power System Intelligent Dispatch and Control of Ministry of Education (Shandong University), Jinan 250061, Shandong, P. R. ChinaKey Laboratory of Power System Intelligent Dispatch and Control of Ministry of Education (Shandong University), Jinan 250061, Shandong, P. R. ChinaKey Laboratory of Power System Intelligent Dispatch and Control of Ministry of Education (Shandong University), Jinan 250061, Shandong, P. R. ChinaKey Laboratory of Power System Intelligent Dispatch and Control of Ministry of Education (Shandong University), Jinan 250061, Shandong, P. R. ChinaKey Laboratory of Power System Intelligent Dispatch and Control of Ministry of Education (Shandong University), Jinan 250061, Shandong, P. R. China; The Center for Energy Science and Technology, Skolkovo Institute of Science and Technology, Moscow, RussiaThe renewable portfolio standard has been promoted in parallel with the reform of the electricity market, and the flexibility requirement of the power system has rapidly increased. To promote renewable energy consumption and improve power system flexibility, a bi-level optimal operation model of the electricity market is proposed. A probabilistic model of the flexibility requirement is established, considering the correlation between wind power, photovoltaic power, and load. A bi-level optimization model is established for the multi-markets; the upper and lower models represent the intra-provincial market and inter-provincial market models, respectively. To efficiently solve the model, it is transformed into a mixed-integer linear programming model using the Karush–Kuhn–Tucker condition and Lagrangian duality theory. The economy and flexibility of the model are verified using a provincial power grid as an example.http://www.sciencedirect.com/science/article/pii/S2096511721000682Renewable energy accommodationRenewable portfolio standardsFlexibility requirementOptimization operationMixed-integer linear programming |
| spellingShingle | Jinye Yang Chunyang Liu Yuanze Mi Hengxu Zhang Vladimir Terzija Optimization operation model of electricity market considering renewable energy accommodation and flexibility requirement Global Energy Interconnection Renewable energy accommodation Renewable portfolio standards Flexibility requirement Optimization operation Mixed-integer linear programming |
| title | Optimization operation model of electricity market considering renewable energy accommodation and flexibility requirement |
| title_full | Optimization operation model of electricity market considering renewable energy accommodation and flexibility requirement |
| title_fullStr | Optimization operation model of electricity market considering renewable energy accommodation and flexibility requirement |
| title_full_unstemmed | Optimization operation model of electricity market considering renewable energy accommodation and flexibility requirement |
| title_short | Optimization operation model of electricity market considering renewable energy accommodation and flexibility requirement |
| title_sort | optimization operation model of electricity market considering renewable energy accommodation and flexibility requirement |
| topic | Renewable energy accommodation Renewable portfolio standards Flexibility requirement Optimization operation Mixed-integer linear programming |
| url | http://www.sciencedirect.com/science/article/pii/S2096511721000682 |
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