2013
DOI: 10.1177/0142331213492788
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Cournot equilibrium model for electricity markets with interruptible load program and wind power

Abstract: High wind power penetration presents many challenges to the flexibility and reliability of power system operation. In this environment, various demand response (DR) programs have received much attention. As an effective measure of DR programs, interruptible load (IL) programs have been widely used around the world. This paper addresses the concern of how the IL program impacts the equilibrium outcomes of electricity markets with wind power. First, a market demand model is developed to take consideration of the… Show more

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Cited by 4 publications
(2 citation statements)
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References 33 publications
(28 reference statements)
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“…A number of policies have been implemented in many countries to achieve sustainable development and improve environmental quality. China government has committed to produce over 15% and 20% of their electricity from renewable energy by 2020 and 2030, respectively (An et al, 2015, 2019). While many aggressive promotion policies of renewable energy have been enacted by governments, the capability of power systems for integrating renewable energy has been significantly limited by the base-load cycling capacity (Niamh et al, 2010).…”
Section: Introductionmentioning
confidence: 99%
“…A number of policies have been implemented in many countries to achieve sustainable development and improve environmental quality. China government has committed to produce over 15% and 20% of their electricity from renewable energy by 2020 and 2030, respectively (An et al, 2015, 2019). While many aggressive promotion policies of renewable energy have been enacted by governments, the capability of power systems for integrating renewable energy has been significantly limited by the base-load cycling capacity (Niamh et al, 2010).…”
Section: Introductionmentioning
confidence: 99%
“…Equilibrium theory based on oligopolistic competition is a powerful tool to study the generation firms’ strategic behaviors and market power problems, in which the Cournot and supply function (SF) equilibrium models are two popular methods for electricity market equilibrium analysis (An et al, 2015; Li et al, 2011; Wang et al, 2004). More recently, some researchers committed to studying the market power associated with renewable energy in the TGC market, which were not enough.…”
Section: Introductionmentioning
confidence: 99%