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A Preliminary Research on the Optimal Daily Operation Mode of Pumped-storage Power Plants under Electricity Market Environment

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4 Author(s)
Gaoyuan Qin ; College of Eelectric Power, South China University of Technology, Guangzhou, PR China; (e-mail: qingaoyuan@126. com < mailto: >) ; Guogang Liu ; Zhaoxia Jing ; Yao Zhang

This paper develops optimal daily operation mode of pumped-storage power plants under electricity market environment. Assuming electricity prices can be estimated and taking the risk into considerations, an algorithm to maximize the profit of a pumped-storage power plant considering reserve bids is developed. Chance-constrained programming (CCP), Monte Carlo simulation and GA are used to solve the problem

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2005 IEEE/PES Transmission & Distribution Conference & Exposition: Asia and Pacific

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