Optimization of Bidding Mode for Capacity Market Considering The Participation of New Energy

One of the construction purposes of the capacity market is to solve the problem of fixed cost recovery of power sources in the pure energy market based on variable cost bidding. With the continuous deepening of the construction of new power systems, more new energy entities will participate in providing capacity resources. If the capacity market lacks consideration for the differences in power cost structure, it will be difficult to meet the different cost recovery demands of various power sources, which will affect the accurate generation of investment incentive signals. This article analyzes the capacity market construction problem under the current differentiated power supply cost structure, proposes a capacity market mechanism design scheme for differentiated power supply cost structure, and verifies it through numerical examples.

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Publication Details

Journal
Scientific journal of economics and management research.
Published
2025-06-18
DOI
https://doi.org/10.54691/rmr23z85
Primary Topic
Electric Power System Optimization
Type
article
Field-Weighted Citation Impact
0.00

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article

Optimization of Bidding Mode for Capacity Market Considering The Participation of New Energy

Qinchen Yang, Shuo Yin, Huixuan Li, Anbang Xie et al.
Scientific journal of economics and management research.
Electric Power System Optimization
article

Optimization of Bidding Mode for Capacity Market Considering The Participation of New Energy

Qinchen Yang, Shuo Yin, Huixuan Li, Anbang Xie, Man Jin
article en

Abstract

One of the construction purposes of the capacity market is to solve the problem of fixed cost recovery of power sources in the pure energy market based on variable cost bidding. With the continuous deepening of the construction of new power systems, more new energy entities will participate in providing capacity resources. If the capacity market lacks consideration for the differences in power cost structure, it will be difficult to meet the different cost recovery demands of various power sources, which will affect the accurate generation of investment incentive signals. This article analyzes the capacity market construction problem under the current differentiated power supply cost structure, proposes a capacity market mechanism design scheme for differentiated power supply cost structure, and verifies it through numerical examples.

Scientific journal of economics and management research.Vol. 7(6)
Economic Research Institute (BG), Economic Research Institute (KZ)
State Grid Henan Electric Power Company, Science and Technology Project of State Grid
Affordable and clean energy
Openalex Percentile: Top 88%
Electric Power System Optimization
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