A Study on the Bidding Strategies of Combined Cycle Plants in a Competitive Electricity Market

경쟁적 전력시장에서 복합화력발전의 입찰전략에 대한 연구

  • 김상훈 (단국대학교 전기공학과) ;
  • 이광호 (단국대학교 전자전기공학부)
  • Published : 2009.04.01

Abstract

Combined cycle plants which feature distinct advantages for power generation such as fast response, high efficiency, environmental friendliness, fuel flexiblity represent the majority of new generating plant installations across the globe. Combined cycle plants have different operating modes where the operating parameters can differ greatly depending which mode is operating at the time. This paper addresses the bidding strategy model of combined cycle plants in a competitive electricity market by using a characteristic of multiple operating modes of combined cycle plants. Simulation results of case studies show that an operating mode among multiple ones is selected strategically in generation bidding for more profit of generation company.

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