Bidding Strategy of a Flexible CHP Plant for Participating in the Day-Ahead Energy and Downregulation Service Market

To integrate renewable energy generation from wind and solar radiation, most combined heat and power (CHP) plants in northern China are undergoing large-scale upgrades and retrofitting to improve operational flexibility. Simultaneously, the downregulation service (DRS) market is still retained in th...

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Autores principales:	He Cui, Kun Song, Wenlei Dou, Zhe Nan, Zheng Wang, Na Zhang
Formato:	article
Lenguaje:	EN
Publicado:	IEEE 2021
Materias:	Bidding strategy combined heat and power (CHP) day-ahead spot market downregulation service (DRS) market Electrical engineering. Electronics. Nuclear engineering TK1-9971
Acceso en línea:	https://doaj.org/article/00ee1060504f4ebcad0a869bf93c2781
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id	oai:doaj.org-article:00ee1060504f4ebcad0a869bf93c2781
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spelling	oai:doaj.org-article:00ee1060504f4ebcad0a869bf93c27812021-11-18T00:02:00ZBidding Strategy of a Flexible CHP Plant for Participating in the Day-Ahead Energy and Downregulation Service Market2169-353610.1109/ACCESS.2021.3116981https://doaj.org/article/00ee1060504f4ebcad0a869bf93c27812021-01-01T00:00:00Zhttps://ieeexplore.ieee.org/document/9555621/https://doaj.org/toc/2169-3536To integrate renewable energy generation from wind and solar radiation, most combined heat and power (CHP) plants in northern China are undergoing large-scale upgrades and retrofitting to improve operational flexibility. Simultaneously, the downregulation service (DRS) market is still retained in the day-ahead market in many provinces. Considering a flexible CHP plant with multiple types of coal-fired CHP units and heat storage as a price taker, this paper establishes a collaborative bidding strategy for the CHP plant to participate in both the day-ahead energy market and day-ahead DRS market. The bidding strategy includes the optimal output decision model, power output range model, capacity segmenting model, and bidding models for two markets determined by the marginal generation cost (MGC) and the marginal downregulation cost (MDRC), respectively. These models are validated based on realistic data from a CHP plant in Northeast China.He CuiKun SongWenlei DouZhe NanZheng WangNa ZhangIEEEarticleBidding strategycombined heat and power (CHP)day-ahead spot marketdownregulation service (DRS) marketElectrical engineering. Electronics. Nuclear engineeringTK1-9971ENIEEE Access, Vol 9, Pp 149647-149656 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Bidding strategy combined heat and power (CHP) day-ahead spot market downregulation service (DRS) market Electrical engineering. Electronics. Nuclear engineering TK1-9971
spellingShingle	Bidding strategy combined heat and power (CHP) day-ahead spot market downregulation service (DRS) market Electrical engineering. Electronics. Nuclear engineering TK1-9971 He Cui Kun Song Wenlei Dou Zhe Nan Zheng Wang Na Zhang Bidding Strategy of a Flexible CHP Plant for Participating in the Day-Ahead Energy and Downregulation Service Market
description	To integrate renewable energy generation from wind and solar radiation, most combined heat and power (CHP) plants in northern China are undergoing large-scale upgrades and retrofitting to improve operational flexibility. Simultaneously, the downregulation service (DRS) market is still retained in the day-ahead market in many provinces. Considering a flexible CHP plant with multiple types of coal-fired CHP units and heat storage as a price taker, this paper establishes a collaborative bidding strategy for the CHP plant to participate in both the day-ahead energy market and day-ahead DRS market. The bidding strategy includes the optimal output decision model, power output range model, capacity segmenting model, and bidding models for two markets determined by the marginal generation cost (MGC) and the marginal downregulation cost (MDRC), respectively. These models are validated based on realistic data from a CHP plant in Northeast China.
format	article
author	He Cui Kun Song Wenlei Dou Zhe Nan Zheng Wang Na Zhang
author_facet	He Cui Kun Song Wenlei Dou Zhe Nan Zheng Wang Na Zhang
author_sort	He Cui
title	Bidding Strategy of a Flexible CHP Plant for Participating in the Day-Ahead Energy and Downregulation Service Market
title_short	Bidding Strategy of a Flexible CHP Plant for Participating in the Day-Ahead Energy and Downregulation Service Market
title_full	Bidding Strategy of a Flexible CHP Plant for Participating in the Day-Ahead Energy and Downregulation Service Market
title_fullStr	Bidding Strategy of a Flexible CHP Plant for Participating in the Day-Ahead Energy and Downregulation Service Market
title_full_unstemmed	Bidding Strategy of a Flexible CHP Plant for Participating in the Day-Ahead Energy and Downregulation Service Market
title_sort	bidding strategy of a flexible chp plant for participating in the day-ahead energy and downregulation service market
publisher	IEEE
publishDate	2021
url	https://doaj.org/article/00ee1060504f4ebcad0a869bf93c2781
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Bidding Strategy of a Flexible CHP Plant for Participating in the Day-Ahead Energy and Downregulation Service Market

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