Profitability improvement of a reservoir power station based on virtual reservoir bidding

Compared with a run-of-river power station, a reservoir power station (RPS), with the capacity of a seasonal regulation function and more, has the unique and irreplaceable attributes of its role in the power grid and society at large. However, under the current power system and market environment in...

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Autores principales:	Yanmei Zhu, Weibin Huang, Shijun Chen, Guangwen Ma, Yue Liu
Formato:	article
Lenguaje:	EN
Publicado:	IWA Publishing 2021
Materias:	benefit-sharing bidding power market profitability reservoir power station virtual reservoir River, lake, and water-supply engineering (General) TC401-506
Acceso en línea:	https://doaj.org/article/ea699565cba2413f8d62f26d9e3e0bf7
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id	oai:doaj.org-article:ea699565cba2413f8d62f26d9e3e0bf7
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spelling	oai:doaj.org-article:ea699565cba2413f8d62f26d9e3e0bf72021-11-05T20:15:12ZProfitability improvement of a reservoir power station based on virtual reservoir bidding1366-70171996-975910.2166/wp.2021.085https://doaj.org/article/ea699565cba2413f8d62f26d9e3e0bf72021-04-01T00:00:00Zhttp://wp.iwaponline.com/content/23/2/432https://doaj.org/toc/1366-7017https://doaj.org/toc/1996-9759Compared with a run-of-river power station, a reservoir power station (RPS), with the capacity of a seasonal regulation function and more, has the unique and irreplaceable attributes of its role in the power grid and society at large. However, under the current power system and market environment in China, these attributes cannot be effectively utilised, resulting in heavy losses to enterprises. It is inevitable for RPSs to participate in the market; therefore, how to improve the profitability of RPS enterprises has become an urgent problem requiring a solution. Based on the control effect on run-off of RPS in a river basin, a new cascade hydropower bidding method and the associated bidding process are proposed. The market entities of the new bidding method are composed of cascade hydropower joints with the RPS as the boundary. The bidding unit benefit-sharing mechanism is constructed, and the accounting method for the benefit-sharing price of the RPS is established, which finally achieves the goal of improving the profitability of the RPS enterprise. Highlights The concept of a virtual reservoir is proposed for the first time, and the bidding process is designed.; Combined with the benefit of the storage capacity of the RPS, a reservoir capacity method that takes into account the actual reservoir water level and the grid absorption rate is established to verify the contribution of the RPS to the bidding benefit.;Yanmei ZhuWeibin HuangShijun ChenGuangwen MaYue LiuIWA Publishingarticlebenefit-sharingbiddingpower marketprofitabilityreservoir power stationvirtual reservoirRiver, lake, and water-supply engineering (General)TC401-506ENWater Policy, Vol 23, Iss 2, Pp 432-446 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	benefit-sharing bidding power market profitability reservoir power station virtual reservoir River, lake, and water-supply engineering (General) TC401-506
spellingShingle	benefit-sharing bidding power market profitability reservoir power station virtual reservoir River, lake, and water-supply engineering (General) TC401-506 Yanmei Zhu Weibin Huang Shijun Chen Guangwen Ma Yue Liu Profitability improvement of a reservoir power station based on virtual reservoir bidding
description	Compared with a run-of-river power station, a reservoir power station (RPS), with the capacity of a seasonal regulation function and more, has the unique and irreplaceable attributes of its role in the power grid and society at large. However, under the current power system and market environment in China, these attributes cannot be effectively utilised, resulting in heavy losses to enterprises. It is inevitable for RPSs to participate in the market; therefore, how to improve the profitability of RPS enterprises has become an urgent problem requiring a solution. Based on the control effect on run-off of RPS in a river basin, a new cascade hydropower bidding method and the associated bidding process are proposed. The market entities of the new bidding method are composed of cascade hydropower joints with the RPS as the boundary. The bidding unit benefit-sharing mechanism is constructed, and the accounting method for the benefit-sharing price of the RPS is established, which finally achieves the goal of improving the profitability of the RPS enterprise. Highlights The concept of a virtual reservoir is proposed for the first time, and the bidding process is designed.; Combined with the benefit of the storage capacity of the RPS, a reservoir capacity method that takes into account the actual reservoir water level and the grid absorption rate is established to verify the contribution of the RPS to the bidding benefit.;
format	article
author	Yanmei Zhu Weibin Huang Shijun Chen Guangwen Ma Yue Liu
author_facet	Yanmei Zhu Weibin Huang Shijun Chen Guangwen Ma Yue Liu
author_sort	Yanmei Zhu
title	Profitability improvement of a reservoir power station based on virtual reservoir bidding
title_short	Profitability improvement of a reservoir power station based on virtual reservoir bidding
title_full	Profitability improvement of a reservoir power station based on virtual reservoir bidding
title_fullStr	Profitability improvement of a reservoir power station based on virtual reservoir bidding
title_full_unstemmed	Profitability improvement of a reservoir power station based on virtual reservoir bidding
title_sort	profitability improvement of a reservoir power station based on virtual reservoir bidding
publisher	IWA Publishing
publishDate	2021
url	https://doaj.org/article/ea699565cba2413f8d62f26d9e3e0bf7
work_keys_str_mv	AT yanmeizhu profitabilityimprovementofareservoirpowerstationbasedonvirtualreservoirbidding AT weibinhuang profitabilityimprovementofareservoirpowerstationbasedonvirtualreservoirbidding AT shijunchen profitabilityimprovementofareservoirpowerstationbasedonvirtualreservoirbidding AT guangwenma profitabilityimprovementofareservoirpowerstationbasedonvirtualreservoirbidding AT yueliu profitabilityimprovementofareservoirpowerstationbasedonvirtualreservoirbidding
_version_	1718444074646634496

Profitability improvement of a reservoir power station based on virtual reservoir bidding

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