Open AccessAnalysis on the Effect of the Uncertainty of Outside Power on the Equilibrium of Joint Energy and Reserve Market
Author(s) -
Binhai Zhu,
Kaiying Lin,
Nan Zhao,
Jihong Li,
Yanwei Xiao,
Beibei Wang
Publication year - 2019
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/267/4/042024
Subject(s) - joint (building) , economics , market power , energy market , energy (signal processing) , microeconomics , renewable energy , engineering , mathematics , architectural engineering , statistics , electrical engineering , monopoly
As a major way to consume new energy, energy transmission across provinces and regions has increased rapidly in recent years. It is of great importance for the construction of the spot market to study the impact of different uncertainty of the outside power on the joint energy and reserve market. Firstly, this paper establishes a joint energy and reserve market equilibrium model that takes into account the uncertainty of the outside power which leads to additional reserve demand. Secondly, a game equilibrium algorithm is proposed to solve the market final equilibrium. The simulation results show that the uncertainty of the outside power will not only reduce market efficiency but also damage the interests of the outside new energy generator itself.