XIE Min,HU Xintong,LIU Mingbo.Application of Analytical Target Cascading in Iterative Bidding Mechanism of Complete Competitive Power Generation Market[J].Automation of Electric Power Systems,2020,44(06):106-112.
XIE Min,HU Xintong,LIU Mingbo.Application of Analytical Target Cascading in Iterative Bidding Mechanism of Complete Competitive Power Generation Market[J].Automation of Electric Power Systems,2020,44(06):106-112. DOI: 10.7500/AEPS20190304008.
Application of Analytical Target Cascading in Iterative Bidding Mechanism of Complete Competitive Power Generation Market
Iterative bidding mechanism can promote power generators to quote electricity price economically and rationally and organize production. It can also give purchasers the ability to negotiate
and promote the coordinated and efficient operation of the power market. However
current iterative bidding methods mainly settle accounts according to the quoted price or the uniform marginal clearing price
but seldom according to the locational marginal price of nodes. There may be also too many iterations to be applied. Therefore
an iterative bidding model for power market based on analytical target cascading theory is proposed. Power generators and independent system operators are regarded as different stakeholders
and their objectives are optimizing the production efficiency and minimizing the cost of purchasing electricity
respectively. Coupling and parallel solution of the two optimized models are realized by connecting through generation power. Considering the influence of network constraints
the model can effectively motivate generators to report their real costs and is conducive to the optimal allocation of social resources. Examples of IEEE 39-bus system and IEEE 118-bus system show that analytical target cascading can be applied to the iterative bidding mechanism of fully competitive power generation market
and the convergence and computational efficiency can meet the requirements.
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