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The Power Purchase Optimization Model in China considering the Renewable Energy Risks under Different Risk Preferences

Author

Listed:
  • Yongxiu He
  • Dacheng Li
  • Tian Xia
  • Dong Song
  • Bo Zhou

Abstract

To achieve the strategic target of energy conservation and emission reduction, China is vigorously developing its large-scale and distributed renewable energy power generation industry, dominated by wind power and photovoltaic power generation. In the new situation of renewable energy power interconnection, the grid company in China must fully consider the risks caused by renewable energy when making power purchase optimization decisions. This paper sets up a power purchasing model considering the risks of the renewable energy power interconnection and testifies to the effectiveness of the model through a case study. On this basis, this paper puts forward several reasonable suggestions to help the grid company make power purchase decisions under different risk preferences.

Suggested Citation

  • Yongxiu He & Dacheng Li & Tian Xia & Dong Song & Bo Zhou, 2015. "The Power Purchase Optimization Model in China considering the Renewable Energy Risks under Different Risk Preferences," Mathematical Problems in Engineering, Hindawi, vol. 2015, pages 1-11, June.
    • Handle: RePEc:hin:jnlmpe:493845
    DOI: 10.1155/2015/493845
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