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- Publisher Website: 10.1109/PESGM40551.2019.8973716
- Scopus: eid_2-s2.0-85079063880
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Conference Paper: Strategic Behaviors of Wind Generators in a Stochastic Joint Power Market Equilibrium
Title | Strategic Behaviors of Wind Generators in a Stochastic Joint Power Market Equilibrium |
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Authors | |
Keywords | renewable penetration energy and reserve markets a stochastic joint market equilibrium wind generators' strategic behaviors penalty scheme |
Issue Date | 2019 |
Publisher | IEEE. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/conhome.jsp?punumber=1000581 |
Citation | 2019 IEEE Power & Energy Society General Meeting (PESGM), Atlanta, GA, USA, 4-8 August 2019, p. 1-5 How to Cite? |
Abstract | With the increase of wind penetration and the mature of wind technology, wind generators (WGs) will get involved in market competition and have nonnegligible impacts on the market equilibrium. This paper proposes a stochastic joint equilibrium model to depict markets with high renewable penetration, with the wind stochasticity formulated by scenario analysis. Since the stochasticity of wind calls for additional ancillary service provision, a joint equilibrium of energy and reserve markets is developed, and strategic behaviors of WGs are considered. A real-time penalty scheme is introduced to regulate WGs' strategic behaviors. Market equilibrium based on the above settings are demonstrated based on a numerical study. |
Persistent Identifier | http://hdl.handle.net/10722/289879 |
ISSN | 2020 SCImago Journal Rankings: 0.345 |
DC Field | Value | Language |
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dc.contributor.author | Fang, X | - |
dc.contributor.author | Hou, Y | - |
dc.contributor.author | Liu, K | - |
dc.contributor.author | Guo, H | - |
dc.contributor.author | Chen, Q | - |
dc.date.accessioned | 2020-10-22T08:18:46Z | - |
dc.date.available | 2020-10-22T08:18:46Z | - |
dc.date.issued | 2019 | - |
dc.identifier.citation | 2019 IEEE Power & Energy Society General Meeting (PESGM), Atlanta, GA, USA, 4-8 August 2019, p. 1-5 | - |
dc.identifier.issn | 1944-9925 | - |
dc.identifier.uri | http://hdl.handle.net/10722/289879 | - |
dc.description.abstract | With the increase of wind penetration and the mature of wind technology, wind generators (WGs) will get involved in market competition and have nonnegligible impacts on the market equilibrium. This paper proposes a stochastic joint equilibrium model to depict markets with high renewable penetration, with the wind stochasticity formulated by scenario analysis. Since the stochasticity of wind calls for additional ancillary service provision, a joint equilibrium of energy and reserve markets is developed, and strategic behaviors of WGs are considered. A real-time penalty scheme is introduced to regulate WGs' strategic behaviors. Market equilibrium based on the above settings are demonstrated based on a numerical study. | - |
dc.language | eng | - |
dc.publisher | IEEE. The Journal's web site is located at http://ieeexplore.ieee.org/xpl/conhome.jsp?punumber=1000581 | - |
dc.relation.ispartof | IEEE Power & Energy Society General Meeting (PESGM) | - |
dc.rights | IEEE Power & Energy Society General Meeting (PESGM). Copyright © IEEE. | - |
dc.rights | ©2019 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works. | - |
dc.subject | renewable penetration | - |
dc.subject | energy and reserve markets | - |
dc.subject | a stochastic joint market equilibrium | - |
dc.subject | wind generators' strategic behaviors | - |
dc.subject | penalty scheme | - |
dc.title | Strategic Behaviors of Wind Generators in a Stochastic Joint Power Market Equilibrium | - |
dc.type | Conference_Paper | - |
dc.identifier.email | Hou, Y: yhhou@hku.hk | - |
dc.identifier.authority | Hou, Y=rp00069 | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1109/PESGM40551.2019.8973716 | - |
dc.identifier.scopus | eid_2-s2.0-85079063880 | - |
dc.identifier.hkuros | 316709 | - |
dc.identifier.spage | 1 | - |
dc.identifier.epage | 5 | - |
dc.publisher.place | United States | - |
dc.identifier.issnl | 1944-9925 | - |