Application of Fibonacci Method in Amending Bidding Strategy for Hydropower Plant

Jiang Wang; Ja Lu

doi:10.4028/www.scientific.net/AMM.681.131

Paper Titles

Architecture for a Novel STEP-NC-Compliant CNC System
p.110

Internal Force Decoupling Control of Hyper-Redundant Shaking Table Based on Stiffness Matrix
p.115

An Increment-Type Multi-Step Predictive and Multi-Step Control Algorithm of Single-Variable Systems
p.121

A Model for Planning of Generalized Power Source in Active Distribution Network Based on the Glowworm Swarm Optimization Algorithm
p.127

Application of Fibonacci Method in Amending Bidding Strategy for Hydropower Plant
p.131

Design of a Fault Diagnosis Model for Power System with Based on Multi-Source Information Fusion
p.136

Research and Simulation of STATCOM Based on PSCAD/EMTDC
p.141

Research on Protection Distance of 500kV Arrester
p.147

Research on User Electrical Safety Monitoring System Based on Cloud Computing Technology
p.152

HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vol. 681Application of Fibonacci Method in Amending...

Application of Fibonacci Method in Amending Bidding Strategy for Hydropower Plant

Abstract:

Based on solving maximum income model of hydropower plant and forming original bidding strategy, this paper used price coefficient to amend the original bidding strategy. Then it used the fibonacci method to obtain. Finally, it found the best stragety. The proposed stragety can coordinate the consumption of water in various period、 the relationship between water and quotation, it meet the constraint of water availability of plant and realize its optimal operation in the form of output-bidding, it also avoided the waste of water, then it insured the maximum income of the plant. Finally, a concrete example is given in detail to validate the practicability of the model and algorithm

You might also be interested in these eBooks

View Preview

Info:

Periodical:

Applied Mechanics and Materials (Volume 681)

Pages:

131-135

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.681.131

Citation:

Cite this paper

Online since:

October 2014

Authors:

Jiang Wang, Ja Lu

Keywords:

Bidding Strategy, Fibonacci Method, Hydropower Plant, Price Coefficient

Export:

RIS, BibTeX

Price:

Permissions CCC:

Request Permissions

Permissions PLS:

Request Permissions

Сopyright:

Citation:

References

[1] Yonghong Zeng, Xifan Wang. The Review of Hydropower Plant's bidding in the Electricity Market [J]. Electric Power Automation Equipment, 2006, 26(10): 101-105.

Google Scholar

[2] Guohua Fang, Sanchao Wu. The Study on Bidding Strategy of Hydropower in the Electricity Market [J]. Water Resources and Power, 2009, 27(4): 221-224.

Google Scholar

[3] Shiyong Wu, Guangwen Ma, Xiaming Guo. Daily Optimal Operation of Hydropower Plant based on Marginal Forecasted Price [J]. Hydropower Automation and Dam Monitoring, 2004, 28(2): 10-12.

Google Scholar

[4] Ming Xiao, Linchuan Li, Jian Zhang. A Block Bidding Algorithm Based on Bids of The Generation Companies [J]. Proceedings of the EPSA, 2004, 16(1): 38-42.

Google Scholar

[5] Anqiang Li, Liping Wang, Yiping Mu. Stepwise Bidding Strategy for Hydropower in ahead Market [J]. Engineering Journal of Wuhan University, 2008, 41(1): 116-120.

Google Scholar

[6] Yonggang Wu, Ying Gao. Case Study of Bidding Strategy Based on Forecasted Electricity Market Prices for Hydropower Plants [J]. Transaction of China Electrotechnical Society, 2004, 19(9): 90-94.

Google Scholar