Journal of Modern Power Systems and Clean Energy

ISSN 2196-5625 CN 32-1884/TK

+Advanced Search
Home > Archive>Volume 10, Issue 2, 2022 >531-541. DOI:10.35833/MPCE.2020.000662
PDF HTML Export
Market Power of Coordinated Hydro-wind Joint Bidding: Croatian Power System Case Study
Author:
Affiliation:

University of Zagreb, Faculty of Electrical Engineering and Computing, Zagreb, Croatia

Fund Project:

The work of the authors is a part of the H2020 project CROSSBOW-CROSS Border management of variable renewable energies and storage units enabling a transnational wholesale market (No. 773430) and this work was supported in part by the Croatian Science Foundation under the project IMPACT-Implementation of Peer-to-Peer Advanced Concept for Electricity Trading (No. UIP-2017-05-4068).

  • Article
    • | |
  • Metrics
    • |
  • Reference
    • |
  • Related
    • |
  • Cited by
    • |
    Abstract:

    The paper analyses the coordinated hydro-wind power generation considering joint bidding in the electricity market. The impact of mutual bidding strategies on market prices, traded volumes, and revenues has been quantified. The coordination assumes that hydro power generation is scheduled mainly to compensate the differences between actual and planned wind power outputs. The potential of this coordination in achieving and utilizing of market power is explored. The market equilibrium of asymmetric generation companies is analyzed using a game theory approach. The assumed market situation is imperfect competition and non-cooperative game. A numerical approximation of the asymmetric supply function equilibrium is used to model this game. An introduced novelty is the application of an asymmetric supply function equilibrium approximation for coordinated hydro-wind power generation. The model is tested using real input data from the Croatian power system.

    Reference
    Related
    Cited by
Get Citation

Copy
Share
Article Metrics
  • Abstract:
  • PDF:
  • HTML:
  • Cited by:
History
  • Received:September 05,2020
  • Revised:February 13,2021
  • Online: March 30,2022

Address:No.19 Chengxin Avenue, Jiangning District, Nanjing 211106, China

E-mail: mpce@alljournals.cn

Tel:86-25-81093060

Fax:86-25-81093040

Copyright：Journal of Modern Power Systems and Clean Energy ® 2025 All Rights Reserved
Supported by：Beijing E-Tiller Technology Development Co., Ltd.

ICP：ICP备09008660号