A capacity-investment model of wind power with uncertain supply-price under high penetration rate

doi:10.1016/j.jclepro.2017.12.284

CORC > 上海财经大学 > 上海财经大学

	A capacity-investment model of wind power with uncertain supply-price under high penetration rate
	Kong, Lingcheng 1; Li, Zhong 2; Liang, Ling 3; Xia, Yu 4; Xie, Jiaping 4
刊名	JOURNAL OF CLEANER PRODUCTION
	2018-03-20
卷号	178 页码:917-926
关键词	Wind power Intermittent energy Capacity planning High penetration rate
ISSN号	0959-6526
DOI	10.1016/j.jclepro.2017.12.284
英文摘要	With the rapid development of renewable energy, the proportion of wind power in power supply has grown significantly. Also, it influences the power price fluctuation. Since the marginal cost of wind power is almost zero, the growth of wind power's penetration rate has led to a crowding-out effect and challenged traditional power generation technology, substantially reducing the power price in the market. In perfect competition market, the real-time balance between supply and demand of power is regulated by the real-time power price fluctuation. So this paper models the intermittence of wind power as uncertain supply, and develops a capacity-investment model under the uncertainties of both supply and demand. We introduce priority dispatch elasticity to describe the crowding-out effect and take the power price to be endogenous in order to model the situation of high penetration rate. We compare the optimal wind power capacity decision under the strategy of priority grid connection and abandoned power management. Our results show that optimal capacity investment is inversely related to priority dispatch elasticity under both strategies. However, the profit from power generation is always higher when adopting the abandoned power management strategy. (C) 2018 Elsevier Ltd. All rights reserved.
WOS研究方向	Science & Technology - Other Topics ; Engineering ; Environmental Sciences & Ecology
语种	英语
出版者	ELSEVIER SCI LTD
WOS记录号	WOS:000425558600080
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/662]
专题	上海财经大学
通讯作者	Xie, Jiaping
作者单位	1.East China Univ Sci & Technol, Business Sch, Shanghai 200237, Peoples R China; 2.Shanghai Univ Engn Sci, Sch Management, Shanghai 201620, Peoples R China; 3.Shanghai Univ Int Business & Econ, Tourism & Event Management Sch, Shanghai 201620, Peoples R China; 4.Shanghai Univ Finance & Econ, Sch Int Business Adm, Shanghai 200433, Peoples R China
推荐引用方式 GB/T 7714	Kong, Lingcheng,Li, Zhong,Liang, Ling,et al. A capacity-investment model of wind power with uncertain supply-price under high penetration rate[J]. JOURNAL OF CLEANER PRODUCTION,2018,178:917-926.
APA	Kong, Lingcheng,Li, Zhong,Liang, Ling,Xia, Yu,&Xie, Jiaping.(2018).A capacity-investment model of wind power with uncertain supply-price under high penetration rate.JOURNAL OF CLEANER PRODUCTION,178,917-926.
MLA	Kong, Lingcheng,et al."A capacity-investment model of wind power with uncertain supply-price under high penetration rate".JOURNAL OF CLEANER PRODUCTION 178(2018):917-926.