Why is pumped storage bidding model important?
It can better reflect the two-way influence of pumped storage’s bidding strategy and market clearing price, It is used to simulate the process of game between pumped storage and other competitors, which is closer to the real bidding scenario, so that the calculation results of the model have higher reference value.
Should pumped storage power stations use a three-stage model?
The calculation example analysis shows that compared with the traditional model, the “three-stage” model can bring better benefits to the pumped storage power station, and when the actual value of demand fluctuates within −8%, the pumped storage power station has the ability to resist risks higher than the market average.
Should pumped storage power station be included in the power grid?
With the development of transmission and distribution price reform in China, pumped storage power station can not continue to be included in the effective assets of the power grid, and its cost can not be dredged through the transmission and distribution price, so it is urgent to find a way to protect its own income through the market.
How does demand affect pumped storage power plants?
When the demand presents positive fluctuations, the total revenue of PSPS fluctuates relatively stable, and the greater the demand, the greater the increase in revenue of pumped storage power plants. Further analyze the total transaction volume of the EESM when demand fluctuates, as shown in Fig. 11. Fig. 11.
What is the competitive strategy optimization model of pumped storage power station?
In the competitive strategy optimization model of PSPS, the physical characteristics of a pumped storage power station need to be considered, such as the variable speed technology of the generator or pumping unit, whether there is a frequency converter, and whether it is synchronous or asynchronous motor.
Which bidder can consent/ offer to match the total storage cost?
A2 bidder can consent/ offer to match the Total Storage Cost of A1 bidder. A3 bidder can consent/ offer to match the Total Storage Cost of A1 or A2 bidder. A4 bidder can consent/ offer to match the Total Storage Cost of A1 or A2 or A3 bidder.
Research on Bidding Strategies of Pumped Storage Power
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Competitive model of pumped storage power plants participating
Finally, the reinforcement learning algorithm is used to obtain the real-time bidding strategy of the pumped storage power station, and continuous feedback is provided.
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Bidding strategies of independent pumped storage power plants
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市场环境下抽水蓄能电站的价格市场衔接机制设计与效益评估
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Bidding strategies of independent pumped storage power plants
With the objective of maximizing the total revenue of pumped storage power stations in the joint spot market, a bi-level bidding strategy model is developed. The model is
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China leading the way in pumped storage hydropower
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Bidding strategies of independent pumped storage power plants
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