Pumped Storage Hydropower Valuation Guidebook
power, frequency regualtion and recovery services. The paper studies the bidding strategies of the pumped storage power stations participating in the power market, and provides decision support for the pumped storage power stations to maximize market returns.. 1 Introduction Since the launch of a new round of power system reform
To address the problem of unstable large-scale supply of China''s renewable energy, the proposal and accelerated growth of new power systems has promoted the construction and development of pumped storage power plants (PSPPs), and the site selection of conventional PSPPs poses a challenge that needs to be addressed urgently.
Tongde Pumped Storage Power Station is a pumped storage project. The hydro reservoir capacity is planned to be 17.65 million cubic meter. The hydro power project consists of 8 turbines, each with 300MW nameplate capacity. The project has 8 electric generators that will be installed at the project site. Development status
In this paper, considering the important function of pumped-storage power station (PPS) in promoting the "source-grid-load-storage" synergy and complement in the construction of EI, a novel evaluation index system and evaluation model for the site selection of PPS is proposed to provide decision support for the orderly construction of EI ...
3. Main Function of Pumped Storage Power Station Pumped storage power station can undertake peak-shaving, valley filling, frequency modulation, phase modulation and emergency standby in the power grid. Its main functions are[7-8]: (1) Pumped-storage power station is both a power source and a user. It can adjust peak and fill valley.
Abstract: Against the backdrop of the increasing proportion of new energy generation, pumped storage, as the main energy storage method, face problems of low utilization and poor economic benefits. To improve the enthusiasm and overall efficiency of pumped storage power stations, this article proposes an optimized control strategy for pumped …
3 Bidding model of pumped storage power station considering different optimization periods In this section, reinforcement learning algorithms are used to simulate the competitive behaviors of pumped storage stations participating in the electricity market. As the operation of pumped storage station is divided into
This paper introduces that Hongping pumped-storage power station project management applies a new management mode which is similar to agent CM mode, then studies the measures of cost management for construction management department during the project implementation stage. ... bidding, construction stage and information …
In order to protect the revenue of pumped storage power station, an optimization model of pumped storage bidding strategy considering the risks of the electricity spot market is proposed. ... LI Muyang, LI Yibo, ZENG Ming, CHEN Jie, ZHANG Xiaochun. Bidding Strategies of Pumped Storage Power Station Considering the Risk …
Pumped hydro storage station face uncertainty factors in price fluctuations when participating in market competition, resulting in certain market risks. The information gap decision theory uses an unknown uncertainty set to quantify the uncertainty of parameters, without the need for information such as probability distribution functions, …
The pumped storage power station works in the power generation mode and is mainly responsible for the task of peak regulation during the peak period. At this time, the thermal power generation unit works in the economic zone. Through the coordination of pumped storage power stations and thermal power plants, the cost of peak regulation is reduced.
Pumped storage power stations have excellent characteristics such as fast start and stop speed, rapid load increase and decrease speed, and low forced outage rate, which can effectively improve the safety and economy of the power grid. ... Tao Li et al 2007 Risk-constrained bidding strategy with stochastic unit commitment[J] Ieee …
This paper develops bidding strategy for operating pumped storage power plant in a combined pool-bilateral market. 1 / 0 /−1 mixed-integer programming model to account discrete tri-state operation of pumped storage plant is developed and multi-looping sequential optimization approach is used to solve the problem. Considering realistic case …
Bidding model of Pumped Storage Power Station considering head constraint in power market. Power Autom. Equip., 34 (7) (2014), pp. 134-138+143. View in Scopus Google Scholar [16] Deqian Xu. Research on pricing method and economic operation mode of pumped storage power station. Hefei University of technology (2015)
The upper-layer model aims at maximizing the revenue of the power station by optimizing bidding strategies, where a Q-learning algorithm is used. While the …
Driven by China''s long-term energy transition strategies, the construction of large-scale clean energy power stations, such as wind, solar, and hydropower, is advancing rapidly. Consequently, as a green, low-carbon, and flexible storage power source, the adoption of pumped storage power stations is also rising significantly. …
In Section 2.3, the coordinated operation of wind and pumped-storage power plants is discussed, ... Bidding strategy for pumped-storage plant in a pool-based electricity market. Energy Convers Manag, 51 (3) (2010), pp. 572-579. View PDF View article View in Scopus Google Scholar [33]
Bidding strategy of pumped storage power station in spot market considering different optimization periods Li Zhou 1,*, Peiliang Liu 1, Sijia Liu 2, Zhou Lan 3, Shuyi Shen 3, Feifei Sun 3 ...
Pumped-storage plants are the most significant electrical storage component in new power systems and show great potential for scaling up. In this paper, economic costs and benefits have been investigated. Both the costs and benefits can be divided into transmission and distribution tariffs; however, various factors need to be …
This paper develops bidding strategy for operating pumped storage power plant in a combined pool-bilateral market. 1/0/-1 mixed-integer programming model to account discrete tri-state operation of ...
where, X V a R denotes the VaR; [F 1 − X V a R] + is the difference between the spot market return and the VaR; α is the confidence level. 3.3 Profit of pumped storage participation in medium- and long-term market. The profits of PSPP participating in MLTM are divided into profits of electric energy and profits of ancillary services.
When integrating the generation of large-scale renewable energy, such as wind and solar energy, the supply and demand sides of the new power system will exhibit high uncertainty. Pumped storage power stations can improve flexible resource supply regulation in the power system, which is the key support and important guarantee for building low-carbon, …
The comprehensive performance of four pumped storage power stations in China was empirically evaluated using the proposed hybrid novel fuzzy MCDM method, and the results indicate that pumped ...
In this regard, taking the pumped storage power station (PSPS) as an example, this paper establishes an optimal decision-making model for PSPS to participate in the energy market and to provide reserve services. ... [18] Jiang T, Wang X, Jiang C W et al 2021 Optimal Hybrid Stochastic Robust Bidding Strategy of Wind and Hydraulic Pumped …