An analysis of market mechanism and bidding strategy for power balancing market mixed by conventional and renewable energy

2017 ◽  
Author(s):  
Bo Jie ◽  
Takao Tsuji ◽  
Kenko Uchida
Keyword(s):  
Renewable Energy ◽  
Market Mechanism ◽  
Bidding Strategy ◽  
Power Balancing

scholarly journals A Hybrid PV-Battery System for ON-Grid and OFF-Grid Applications—Controller-In-Loop Simulation Validation

Energies ◽  
2020 ◽  
Vol 13 (3) ◽  
pp. 755 ◽  
Author(s):  
Umashankar Subramaniam ◽  
Sridhar Vavilapalli ◽  
Sanjeevikumar Padmanaban ◽  
Frede Blaabjerg ◽  
Jens Bo Holm-Nielsen ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Storage ◽  
Energy Systems ◽  
System Response ◽  
Renewable Energy Systems ◽  
Remote Locations ◽  
Power Fluctuations ◽  
Uninterruptible Power ◽  
Grid Side ◽  
Power Balancing

In remote locations such as villages, islands and hilly areas, there is a possibility of frequent power failures, voltage drops or power fluctuations due to grid-side faults. Grid-connected renewable energy systems or micro-grid systems are preferable for such remote locations to meet the local critical load requirements during grid-side failures. In renewable energy systems, solar photovoltaic (PV) power systems are accessible and hybrid PV-battery systems or energy storage systems (ESS) are more capable of providing uninterruptible power to the local critical loads during grid-side faults. This energy storage system also improves the system dynamics during power fluctuations. In present work, a PV-battery hybrid system with DC-side coupling is considered, and a power balancing control (PBC) is proposed to transfer the power to grid/load and the battery. In this system, a solar power conditioning system (PCS) acts as an interface across PV source, battery and the load/central grid. With the proposed PBC technique, the system can operate in following operational modes: (a) PCS can be able to work in grid-connected mode during regular operation; (b) PCS can be able to charge the batteries and (c) PCS can be able to operate in standalone mode during grid side faults and deliver power to the local loads. The proposed controls are explained, and the system response during transient and steady-state conditions is described. With the help of controller-in-loop simulation results, the proposed power balancing controls are validated, for both off-grid and on-grid conditions.

Constraint relaxation-based day-ahead market mechanism design to promote the renewable energy accommodation

Energy ◽  
2020 ◽  
Vol 198 ◽  
pp. 117204
Author(s):  
Ziming Ma ◽  
Haiwang Zhong ◽  
Qing Xia ◽  
Chongqing Kang ◽  
Liming Jin
Keyword(s):  
Renewable Energy ◽  
Mechanism Design ◽  
Market Mechanism ◽  
Constraint Relaxation ◽  
Energy Accommodation ◽  
Market Mechanism Design

scholarly journals Study on market mechanism for high penetration of renewable energy in power system in China

2021 ◽  
Vol 252 ◽  
pp. 03065
Author(s):  
Fan Zhang ◽  
Chenghui Tang
Keyword(s):  
Renewable Energy ◽  
Electricity Market ◽  
Spot Market ◽  
Market Mechanism ◽  
Renewable Energy Consumption ◽  
Market Mechanisms ◽  
Second Stage ◽  
High Penetration ◽  
National Market ◽  
Two Stages

This paper first introduces the current situation and background of China’s renewable energy power generation, and analyzes the difficulties of renewable energy consumption in detail. The next section mainly introduces how China’s electricity market mechanism adapted to renewable energy of high penetration. China’s electricity market mechanism is further designed based on the existing market mechanism. These market mechanisms are divided into two stages. The first stage is that the spot market has not yet been established, and the second stage is the establishment of the spot market. In both stages, the design of a market mechanism to promote renewable energy accommodation is based on the national market.

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