Interaction among competitive producers in the electricity market: An iterative market model for the strategic management of thermal power plants

Energy ◽  
2006 ◽  
Vol 31 (15) ◽  
pp. 3145-3158 ◽  
Author(s):  
Cristian Carraretto ◽  
Andrea Zigante
Keyword(s):  
Strategic Management ◽  
Electricity Market ◽  
Power Plants ◽  
Thermal Power ◽  
Market Model ◽  
Thermal Power Plants

scholarly journals Functional Features of National Thermal Power Plantsunder Sustainable Development Conditions

2018 ◽  
Keyword(s):  
Sustainable Development ◽  
Electricity Generation ◽  
Power Plants ◽  
Thermal Power ◽  
Market Model ◽  
Electricity Production ◽  
Thermal Power Plants ◽  
The Sustainable Development ◽  
Energy Independence ◽  
Functional Features

The paper is devoted to analysis of functional peculiarities of thermal power plants in Ukraine. In the course of the study, key determinants of the sustainable development of domestic electricity generation were identified in the context of transition to a new market model. The preconditions of activation and support of the sustainable development concept implementation process in the modern business practice of the energy sector enterprises within the Ukrainian economy are outlined. The theoretical and practical bases for ensuring the sustainable development of energy in relation to other United Nations Declarations of Sustainable Development are indicated. The comparative estimation of the efficiency level of state policy in scope of energy independence and resource conservation with the use of a complex indicator of GDP energy intensity is given. On the basis of international and domestic statistical data the dynamics of volumes of electricity production in Ukraine for the period of 1990-2017 as well as the structure of electricity generation by type of generation were analyzed. The dynamics of electric power generation in Ukraine by types of raw materials was presented in complex with the dynamics of coal consumption and production for the corresponding period. The peculiarities of thermal power plants functioning in comparison with other power generating enterprises in modern conditions are specified. The key element of Ukraine’s energy independence – the volume of proven coal reserves – is a prerequisite for the efficient functioning of domestic thermal power plants. The pricing features in the sphere of electricity production and sales are outlined, in particular, the structure of market rate and the price of electricity sales by producers to the Wholesale Market are presented. The significance of the innovation factor in the process of improving the efficiency of thermal power plants functioning has been substantiated, taking into account the economic, social and environmental aspects of their production and economic activity.

Synthesis of the Algorithm for Control of the Thermal Power Plant Generating Equipment Based on System Dynamics Models

2021 ◽  
Vol 22 (1) ◽  
pp. 20-27
Author(s):  
I. N. Fomin ◽  
T. E. Shulga ◽  
V. A. Ivaschenko
Keyword(s):  
System Dynamics ◽  
Economic System ◽  
Electricity Market ◽  
Power Plants ◽  
Thermal Power ◽  
Thermal Power Plants ◽  
Mathematical Apparatus ◽  
Wholesale Electricity Market ◽  
Generating Equipment ◽  
Technical And Economic Indicators

The article discusses an original solution for designing an algorithm for selecting the most optimal technical and economic indicators for the operation of generating equipment of thermal power plants, taking into account the requirements of the wholesale electricity market, the day-ahead market and the balancing market. To design an algorithm for controlling generating equipment, the activity of a generating company in the wholesale electricity market was considered in terms of system dynamics. The proposed solution made it possible to select and interpret the state variables of the model, build flow diagrams describing the functioning of a technical-economic system, and visualize cause-and-effect relationships in the form of structured functional dependencies. In this work according to the norms of industry legislation and previously conducted scientific research the most important parameters were identified that form the flows of a dynamic technical and economic system, which are optimization criteria in fact. On the basis of this data, a stream stratification of the production processes of generating companies was carried out and a complex of mathematical models of system dynamics was developed to determine and plan the financial efficiency of the operation of thermal power plants and generating companies. The mathematical apparatus and the algorithm of its functioning are developed on the basis of the digraph of cause-and-effect relationships between the investigated technical and economic indicators. On the basis of the graph of interrelationships of system variables, a system of nonlinear differential equations has been built, which makes it possible to determine planned performance indicators when various technical and economic conditions change. The novelty of the proposed approach is the use of new model solutions based on the mathematical apparatus of system dynamics to represent the proposed model in simulation systems, in industry ERP and MES systems, for the development of DDS.

An electricity market model with generation capacity expansion under uncertainty

2012 ◽  
Author(s):  
Andreas Schroeder
Keyword(s):  
Electricity Market ◽  
Electricity Generation ◽  
Power Plants ◽  
Thermal Power ◽  
Capacity Expansion ◽  
Carbon Price ◽  
Market Model ◽  
Investment Incentives ◽  
Investment Portfolio ◽  
Generation Capacity

This article presents an electricity dispatch model with endogenous electricity generation capacity expansion for Germany over the horizon 2035. The target is to quantify how fuel and carbon price risk impacts investment incentives of thermal power plants. Results point to findings which are in line with general theory: Accounting for stochasticity increases investment levels overall and the investment portfolio tends to be more diverse.

Optimization of Thermal Power Plants Operation in the German De-Regulated Electricity Market Using Dynamic Programming

2012 ◽  
Author(s):  
G. Scarabello ◽  
S. Rech ◽  
A. Lazzaretto ◽  
A. Christidis ◽  
G. Tsatsaronis
Keyword(s):  
Electricity Market ◽  
Power Plants ◽  
Thermal Power ◽  
Optimal Operation ◽  
Renewable Energies ◽  
Combined Cycle ◽  
Mixed Integer ◽  
Programming Approach ◽  
Thermal Power Plants ◽  
Spot Prices

The prospect of clean electrical energy generation has recently driven to massive investments on renewable energies, which in turn has affected operation and profits of existing traditional thermal power plants. In this work several coal-fired and combined cycle power units are simulated under design and off-design conditions to adequately represent the behavior of all modern thermal units included in the German power system. A dynamic optimization problem is then solved to estimate the short-run profits obtained by these units using the spot prices of the German electricity market (EEX) in years 2007–2010. The optimization model is developed using a Mixed Integer Linear Programming approach to take the on-off status into account and reduce computational effort. New market scenarios with increasing renewable shares (and consequently different spot prices) are finally simulated to analyze the consequences of a larger capacity of renewable energies on the optimal operation of traditional thermal power plants.

Solar thermal power plants for the Spanish electricity market

2007 ◽  
Vol 5 (3) ◽  
pp. 261 ◽  
Author(s):  
M. Eck ◽  
F. Rueda ◽  
S. Kronshage ◽  
C. Schillings ◽  
F. Trieb ◽  
...  
Keyword(s):  
Electricity Market ◽  
Power Plants ◽  
Thermal Power ◽  
Solar Thermal ◽  
Thermal Power Plants ◽  
Solar Thermal Power
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