Coordinated planning of thermal power, wind power, and photovoltaic generator units considering capacity electricity price
Abstract With the implementation of China's carbon reduction policies, the role of thermal power units will transition to a regulating power source. Hence, the electricity market fails to accurately reflect the capacity value of thermal power units, resulting in potential future losses for thes...
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| Format: | Article |
| Language: | English |
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Wiley
2024-10-01
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| Series: | IET Renewable Power Generation |
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| Online Access: | https://doi.org/10.1049/rpg2.13102 |
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| author | Ye Xu Wenxia Liu Benhao Yang |
| author_facet | Ye Xu Wenxia Liu Benhao Yang |
| author_sort | Ye Xu |
| collection | DOAJ |
| description | Abstract With the implementation of China's carbon reduction policies, the role of thermal power units will transition to a regulating power source. Hence, the electricity market fails to accurately reflect the capacity value of thermal power units, resulting in potential future losses for these units. Therefore, it is imperative to establish a rational capacity compensation mechanism that guarantees the revenue of thermal power units and offers effective investment and construction signals. Therefore, this paper proposes a capacity compensation mechanism for thermal power units based on effective capacity. To achieve this, a two‐layer power source planning model is established. At the upper level of the model, the installed capacity and capacity price of various types of power sources are optimized, while minimizing the operating costs of the planning horizon year under constraints such as annual net profit of units. The lower level focuses on the operation of typical days, optimizing the output of various types of units. Through case analysis, it can be concluded that the proposed model can achieve coordinated planning of capacity and capacity prices for various types of units, effectively ensuring the economic efficiency of the system while safeguarding the revenue of each unit. |
| format | Article |
| id | doaj-art-b171958e8ec34f89a3cf8752ab4688fd |
| institution | Kabale University |
| issn | 1752-1416 1752-1424 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Wiley |
| record_format | Article |
| series | IET Renewable Power Generation |
| spelling | doaj-art-b171958e8ec34f89a3cf8752ab4688fd2025-01-10T17:41:03ZengWileyIET Renewable Power Generation1752-14161752-14242024-10-0118142539255910.1049/rpg2.13102Coordinated planning of thermal power, wind power, and photovoltaic generator units considering capacity electricity priceYe Xu0Wenxia Liu1Benhao Yang2State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources North China Electric Power University Beijing ChinaState Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources North China Electric Power University Beijing ChinaState Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources North China Electric Power University Beijing ChinaAbstract With the implementation of China's carbon reduction policies, the role of thermal power units will transition to a regulating power source. Hence, the electricity market fails to accurately reflect the capacity value of thermal power units, resulting in potential future losses for these units. Therefore, it is imperative to establish a rational capacity compensation mechanism that guarantees the revenue of thermal power units and offers effective investment and construction signals. Therefore, this paper proposes a capacity compensation mechanism for thermal power units based on effective capacity. To achieve this, a two‐layer power source planning model is established. At the upper level of the model, the installed capacity and capacity price of various types of power sources are optimized, while minimizing the operating costs of the planning horizon year under constraints such as annual net profit of units. The lower level focuses on the operation of typical days, optimizing the output of various types of units. Through case analysis, it can be concluded that the proposed model can achieve coordinated planning of capacity and capacity prices for various types of units, effectively ensuring the economic efficiency of the system while safeguarding the revenue of each unit.https://doi.org/10.1049/rpg2.13102government policiespower generation planningpower system operation and planningpower system planningprofitabilityrenewable energy policy |
| spellingShingle | Ye Xu Wenxia Liu Benhao Yang Coordinated planning of thermal power, wind power, and photovoltaic generator units considering capacity electricity price IET Renewable Power Generation government policies power generation planning power system operation and planning power system planning profitability renewable energy policy |
| title | Coordinated planning of thermal power, wind power, and photovoltaic generator units considering capacity electricity price |
| title_full | Coordinated planning of thermal power, wind power, and photovoltaic generator units considering capacity electricity price |
| title_fullStr | Coordinated planning of thermal power, wind power, and photovoltaic generator units considering capacity electricity price |
| title_full_unstemmed | Coordinated planning of thermal power, wind power, and photovoltaic generator units considering capacity electricity price |
| title_short | Coordinated planning of thermal power, wind power, and photovoltaic generator units considering capacity electricity price |
| title_sort | coordinated planning of thermal power wind power and photovoltaic generator units considering capacity electricity price |
| topic | government policies power generation planning power system operation and planning power system planning profitability renewable energy policy |
| url | https://doi.org/10.1049/rpg2.13102 |
| work_keys_str_mv | AT yexu coordinatedplanningofthermalpowerwindpowerandphotovoltaicgeneratorunitsconsideringcapacityelectricityprice AT wenxialiu coordinatedplanningofthermalpowerwindpowerandphotovoltaicgeneratorunitsconsideringcapacityelectricityprice AT benhaoyang coordinatedplanningofthermalpowerwindpowerandphotovoltaicgeneratorunitsconsideringcapacityelectricityprice |