Pricing Model and Compensation Strategy of Wind Power AGC Ancillary Services Based on the Day-ahead Market and Priority Decision-making Model

DOI

10.2991/asei-15.2015.405How to use a DOI?

Keywords

Wind power; Ancillary services; AGC; Compensation strategy

Abstract

That wind power provides automatic generation control (AGC) is an innovative solution to the lack of AGC ancillary services and the problem of abandoned wind. How to appropriately compensate the wind power generators who provide AGC ancillary services is a critical issue. Based on the day-ahead market and priority decision-making model, this paper takes two sciences, unit performance preference and unit economic preference, into consideration, and uses the comprehensive evaluation method to order wind power farms. Then it establishes pricing model and compensation strategy according to the capacity price and the electricity price. Aim to provide a reference for future pricing and compensation model of wind farms in China.

Copyright

© 2015, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yuzhuo Zhang
AU  - Ling Wang
AU  - Xin-gang Zhao
PY  - 2015/05
DA  - 2015/05
TI  - Pricing Model and Compensation Strategy of Wind Power AGC Ancillary Services Based on the Day-ahead Market and Priority Decision-making Model
BT  - Proceedings of the 2015 International conference on Applied Science and Engineering Innovation
PB  - Atlantis Press
SP  - 2061
EP  - 2066
SN  - 2352-5401
UR  - https://doi.org/10.2991/asei-15.2015.405
DO  - 10.2991/asei-15.2015.405
ID  - Zhang2015/05
ER  -