IDEAS home Printed from https://ideas.repec.org/a/eee/appene/v336y2023ics0306261923001769.html
   My bibliography  Save this article

Reserve provision of combined-cycle unit in joint day-ahead energy and reserve markets

Author

Listed:
  • Zhang, Rufeng
  • Sun, Haihang
  • Li, Guoqing
  • Jiang, Tao
  • Li, Xue
  • Chen, Houhe
  • Zou, He

Abstract

With the continuous development of natural gas-fired combined cycle power generation technology, the combined cycle (CC) unit's installed capacity is gradually increasing in the power system because of its flexible operation characteristics. Participating in the energy and reserve markets and taking advantage of flexible mode transfer characteristics, the CC unit can provide the system with energy and sufficient reserve capacity. This paper proposes a bi-level strategic bidding model to study the CC unit’s bidding behavior in the day-ahead energy and reserve markets. The upper-level model is an optimal bidding model for the configuration-based CC unit aiming to maximize its profit. The lower-level model is the joint market clearing model of the energy and reserve markets managed by the independent system operator (ISO). CC unit and ISO in this model influence each other by the locational marginal electricity prices (LMEP) and the locational marginal reserve prices (LMRP) obtained from the lower-level market-clearing model. The CC unit submits the bids to the ISO and arranges the generation plan according to the market clearing results of the lower-level market-clearing model carried out by the ISO. The proposed bi-level optimization model is transformed into a mathematical equilibrium constraint (MPEC) problem by Karush-Kuhn-Tucker (KKT) conditions and duality theory. In this paper, the improved IEEE-6 bus and IEEE-57 bus systems are used as case studies to verify the effectiveness of the proposed bidding strategy for the CC unit. The results show that the proposed bidding strategy can effectively improve the profits of the CC unit in the electricity market. Compared with the case of the CC unit only participating in the energy market, the profits of the CC unit in the market increased by 8.84% and 12.3%.

Suggested Citation

  • Zhang, Rufeng & Sun, Haihang & Li, Guoqing & Jiang, Tao & Li, Xue & Chen, Houhe & Zou, He, 2023. "Reserve provision of combined-cycle unit in joint day-ahead energy and reserve markets," Applied Energy, Elsevier, vol. 336(C).
    • Handle: RePEc:eee:appene:v:336:y:2023:i:c:s0306261923001769
    DOI: 10.1016/j.apenergy.2023.120812
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0306261923001769
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.apenergy.2023.120812?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Chen, Houhe & Wang, Di & Zhang, Rufeng & Jiang, Tao & Li, Xue, 2022. "Optimal participation of ADN in energy and reserve markets considering TSO-DSO interface and DERs uncertainties," Applied Energy, Elsevier, vol. 308(C).
    2. Ordoudis, Christos & Pinson, Pierre & Morales, Juan M., 2019. "An Integrated Market for Electricity and Natural Gas Systems with Stochastic Power Producers," European Journal of Operational Research, Elsevier, vol. 272(2), pages 642-654.
    3. Bai, Linquan & Li, Fangxing & Cui, Hantao & Jiang, Tao & Sun, Hongbin & Zhu, Jinxiang, 2016. "Interval optimization based operating strategy for gas-electricity integrated energy systems considering demand response and wind uncertainty," Applied Energy, Elsevier, vol. 167(C), pages 270-279.
    4. Pan, Guangsheng & Gu, Wei & Qiu, Haifeng & Lu, Yuping & Zhou, Suyang & Wu, Zhi, 2020. "Bi-level mixed-integer planning for electricity-hydrogen integrated energy system considering levelized cost of hydrogen," Applied Energy, Elsevier, vol. 270(C).
    5. Beiron, Johanna & Montañés, Rubén M. & Normann, Fredrik & Johnsson, Filip, 2020. "Flexible operation of a combined cycle cogeneration plant – A techno-economic assessment," Applied Energy, Elsevier, vol. 278(C).
    6. Khojasteh, Meysam & Faria, Pedro & Vale, Zita, 2022. "A robust model for aggregated bidding of energy storages and wind resources in the joint energy and reserve markets," Energy, Elsevier, vol. 238(PB).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Leisen, Robin & Radek, Julian & Weber, Christoph, 2024. "Modeling combined-cycle power plants in a detailed electricity market model," Energy, Elsevier, vol. 298(C).
    2. Seong-Hyeon Cha & Sun-Hyeok Kwak & Woong Ko, 2023. "A Robust Optimization Model of Aggregated Resources Considering Serving Ratio for Providing Reserve Power in the Joint Electricity Market," Energies, MDPI, vol. 16(20), pages 1-27, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Seong-Hyeon Cha & Sun-Hyeok Kwak & Woong Ko, 2023. "A Robust Optimization Model of Aggregated Resources Considering Serving Ratio for Providing Reserve Power in the Joint Electricity Market," Energies, MDPI, vol. 16(20), pages 1-27, October.
    2. Zhihan Shi & Guangming Zhang & Xiaoxiong Zhou & Weisong Han & Mingxiang Zhu & Zhiqing Bai & Xiaodong Lv, 2023. "Research on Integrated Energy Distributed Sharing in Distribution Network Considering AC Power Flow and Demand Response," Sustainability, MDPI, vol. 15(22), pages 1-23, November.
    3. Masoud Khatibi & Abbas Rabiee & Amir Bagheri, 2023. "Integrated Electricity and Gas Systems Planning: New Opportunities, and a Detailed Assessment of Relevant Issues," Sustainability, MDPI, vol. 15(8), pages 1-32, April.
    4. Wu, Zhiyue & Shi, Xin & Fang, Fang & Wen, Gangcheng & Mi, Yunjie, 2023. "Co-optimization of building energy systems with renewable generations combining active and passive energy-saving," Applied Energy, Elsevier, vol. 351(C).
    5. Zhao, Baining & Qian, Tong & Li, Weiwei & Xin, Yanli & Zhao, Wei & Lin, Zekang & Tang, Wenhu & Jin, Xin & Cao, Wangzhang & Pan, Tingzhe, 2024. "Fast distributed co-optimization of electricity and natural gas systems hedging against wind fluctuation and uncertainty," Energy, Elsevier, vol. 298(C).
    6. Chi, Lixun & Su, Huai & Zio, Enrico & Zhang, Jinjun & Li, Xueyi & Zhang, Li & Fan, Lin & Zhou, Jing & Bai, Hua, 2020. "Integrated Deterministic and Probabilistic Safety Analysis of Integrated Energy Systems with bi-directional conversion," Energy, Elsevier, vol. 212(C).
    7. Christos N. Dimitriadis & Evangelos G. Tsimopoulos & Michael C. Georgiadis, 2021. "A Review on the Complementarity Modelling in Competitive Electricity Markets," Energies, MDPI, vol. 14(21), pages 1-27, November.
    8. Aunedi, Marko & Pantaleo, Antonio Marco & Kuriyan, Kamal & Strbac, Goran & Shah, Nilay, 2020. "Modelling of national and local interactions between heat and electricity networks in low-carbon energy systems," Applied Energy, Elsevier, vol. 276(C).
    9. Jiang, Tao & Wu, Chenghao & Huang, Tao & Zhang, Rufeng & Li, Xue, 2024. "Optimal market participation of VPPs in TSO-DSO coordinated energy and flexibility markets," Applied Energy, Elsevier, vol. 360(C).
    10. Zhou, Yuan & Wang, Jiangjiang & Dong, Fuxiang & Qin, Yanbo & Ma, Zherui & Ma, Yanpeng & Li, Jianqiang, 2021. "Novel flexibility evaluation of hybrid combined cooling, heating and power system with an improved operation strategy," Applied Energy, Elsevier, vol. 300(C).
    11. Da Li & Shijie Zhang & Yunhan Xiao, 2020. "Interval Optimization-Based Optimal Design of Distributed Energy Resource Systems under Uncertainties," Energies, MDPI, vol. 13(13), pages 1-18, July.
    12. Shi, Mengshu & Wang, Weiye & Han, Yaxuan & Huang, Yuansheng, 2022. "Research on comprehensive benefit of hydrogen storage in microgrid system," Renewable Energy, Elsevier, vol. 194(C), pages 621-635.
    13. Pambour, Kwabena Addo & Cakir Erdener, Burcin & Bolado-Lavin, Ricardo & Dijkema, Gerard P.J., 2017. "SAInt – A novel quasi-dynamic model for assessing security of supply in coupled gas and electricity transmission networks," Applied Energy, Elsevier, vol. 203(C), pages 829-857.
    14. Tong, Ziqiang & Mansouri, Seyed Amir & Huang, Shoujun & Rezaee Jordehi, Ahmad & Tostado-Véliz, Marcos, 2023. "The role of smart communities integrated with renewable energy resources, smart homes and electric vehicles in providing ancillary services: A tri-stage optimization mechanism," Applied Energy, Elsevier, vol. 351(C).
    15. Lin Wang & Yuping Xing, 2022. "Risk Assessment of a Coupled Natural Gas and Electricity Market Considering Dual Interactions: A System Dynamics Model," Energies, MDPI, vol. 16(1), pages 1-18, December.
    16. Yang, Jingze & Chi, Hetian & Cheng, Mohan & Dong, Mingqi & Li, Siwu & Yao, Hong, 2023. "Performance analysis of hydrogen supply using curtailed power from a solar-wind-storage power system," Renewable Energy, Elsevier, vol. 212(C), pages 1005-1019.
    17. Ordoudis, Christos & Pinson, Pierre & Morales, Juan M., 2019. "An Integrated Market for Electricity and Natural Gas Systems with Stochastic Power Producers," European Journal of Operational Research, Elsevier, vol. 272(2), pages 642-654.
    18. Skolfield, J. Kyle & Escobedo, Adolfo R., 2022. "Operations research in optimal power flow: A guide to recent and emerging methodologies and applications," European Journal of Operational Research, Elsevier, vol. 300(2), pages 387-404.
    19. Zhiming Lu & Youting Li & Guying Zhuo & Chuanbo Xu, 2023. "Configuration Optimization of Hydrogen-Based Multi-Microgrid Systems under Electricity Market Trading and Different Hydrogen Production Strategies," Sustainability, MDPI, vol. 15(8), pages 1-23, April.
    20. Han, Zhixin & Fang, Debin & Yang, Peiwen & Lei, Leyao, 2023. "Cooperative mechanisms for multi-energy complementarity in the electricity spot market," Energy Economics, Elsevier, vol. 127(PB).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:appene:v:336:y:2023:i:c:s0306261923001769. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.