Research on Trusted Capacity of New Energy with Storage under Spot Market Conditions

The randomness, intermittency, and volatility of new energy pose new challenges to the planning and operation of traditional power systems. Therefore, it is necessary to accurately evaluate the role and value of new energy and energy storage equipment in the power system. Firstly, based on the rules of Shandong Electric Power spot market, analyzes its market structure, trading process, price mechanism, operation mode, and settlement mechanism. Secondly, a new energy credible capacity calculation method based on a certain confidence level and historical data was determined for typical scenarios of wind farm storage and photovoltaic power station storage on the source side of the power system. Then, based on the current market electricity price under the conditions of the electricity spot market, with the goal of maximizing profits, the timing of energy storage output is determined, and the reliable capacity of new energy with storage is further determined. Optimization is carried out on a daily basis to determine the reliable capacity of new energy distribution and storage under different time periods, and to determine the value of improved reliable capacity. Finally, based on the historical output of new energy in a certain province and recent market electricity price data, the impact of energy storage charging and discharging behavior on the reliable capacity of new energy with storage in the power grid at different time periods is determined. Under the conditions of the spot market, based on the behavior of market entities, the proposed method for calculating the reliable capacity of new energy with storage can meet the supply guarantee needs of the power grid, and the feasibility and effectiveness of the proposed method are verified. This study contributes to promoting the application of new energy with storage in ensuring power grid reliability and provides a basis for the calculation of reliable capacity for new energy with storage.

Authors

Institutions

Publication Details

Published
2024-12-27
DOI
https://doi.org/10.1109/isneet64164.2024.10956001
Primary Topic
Power Systems and Renewable Energy
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Research on Trusted Capacity of New Energy with Storage under Spot Market Conditions

Yanghe Gao, Ye Dong, Jie Ji, Hua Zheng et al.
Power Systems and Renewable Energy
article

Research on Trusted Capacity of New Energy with Storage under Spot Market Conditions

Yanghe Gao, Ye Dong, Jie Ji, Hua Zheng, Li Xie, Mingliang Liang, Mengyao Wang
article en

Abstract

The randomness, intermittency, and volatility of new energy pose new challenges to the planning and operation of traditional power systems. Therefore, it is necessary to accurately evaluate the role and value of new energy and energy storage equipment in the power system. Firstly, based on the rules of Shandong Electric Power spot market, analyzes its market structure, trading process, price mechanism, operation mode, and settlement mechanism. Secondly, a new energy credible capacity calculation method based on a certain confidence level and historical data was determined for typical scenarios of wind farm storage and photovoltaic power station storage on the source side of the power system. Then, based on the current market electricity price under the conditions of the electricity spot market, with the goal of maximizing profits, the timing of energy storage output is determined, and the reliable capacity of new energy with storage is further determined. Optimization is carried out on a daily basis to determine the reliable capacity of new energy distribution and storage under different time periods, and to determine the value of improved reliable capacity. Finally, based on the historical output of new energy in a certain province and recent market electricity price data, the impact of energy storage charging and discharging behavior on the reliable capacity of new energy with storage in the power grid at different time periods is determined. Under the conditions of the spot market, based on the behavior of market entities, the proposed method for calculating the reliable capacity of new energy with storage can meet the supply guarantee needs of the power grid, and the feasibility and effectiveness of the proposed method are verified. This study contributes to promoting the application of new energy with storage in ensuring power grid reliability and provides a basis for the calculation of reliable capacity for new energy with storage.

North China Electric Power University (CN), State Grid Corporation of China (China) (CN)
Affordable and clean energy
Openalex Percentile: Top 63%
Power Systems and Renewable Energy
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.