Development of Ancillary Services in the Electricity Market of China and its Joint Market Optimization Model

As an important part of power system, ancillary services have been widely developed. This paper introduces the ancillary service and its marketization trend in China. Considering the rapid development of China's renewable energy, an optimization model for the joint optimization model of the anc...

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Bibliographic Details
Published in:IOP conference series. Earth and environmental science 2020-11, Vol.571 (1), p.12029
Main Authors: Tang, Chenghui, Qu, Haoyuan
Format: Article
Language:English
Subjects:
Ancillary services
Electric power systems
Electricity
Energy
Optimization
Optimization models
Renewable energy
Renewable resources
Online Access:Get full text
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Summary:As an important part of power system, ancillary services have been widely developed. This paper introduces the ancillary service and its marketization trend in China. Considering the rapid development of China's renewable energy, an optimization model for the joint optimization model of the ancillary service market and the energy market is established in this paper. The proposed model can effectively consider the electricity market with high penetration of renewable energy and is suitable for the future development of China's electricity market.
ISSN:1755-1307
1755-1315
DOI:10.1088/1755-1315/571/1/012029