<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Focusing on the complex market environment of Guangdong Province, this research pioneers a model for assimilating external power sources into the intra-provincial power market, a critical move to support the region’s high demand for electricity driven by robust economic activities. Our study innovatively tackles the province’s fluctuating power supply and demand by employing a novel power supply equivalence and co-modulation technique, enhancing system modeling efficiency and computational effectiveness. Comparative evaluations demonstrate that our approach significantly reduces the power market’s purchase costs by 15% while safeguarding power supply stability and security. The proposed model presents a breakthrough in optimizing Guangdong’s power market’s economic and reliability aspects, offering a promising pathway for future market clearing practices.</p>
</abstract>

Focusing on the complex market environment of Guangdong Province, this research pioneers a model for assimilating external power sources into the intra-provincial power market, a critical move to support the region’s high demand for electricity driven by robust economic activities. Our study innovatively tackles the province’s fluctuating power supply and demand by employing a novel power supply equivalence and co-modulation technique, enhancing system modeling efficiency and computational effectiveness. Comparative evaluations demonstrate that our approach significantly reduces the power market’s purchase costs by 15% while safeguarding power supply stability and security. The proposed model presents a breakthrough in optimizing Guangdong’s power market’s economic and reliability aspects, offering a promising pathway for future market clearing practices.

Modeling the clearing of intra-provincial power market considering the equivalent value of power supply from outside Guangdong Province under the environment of Southern Regional Market (SRM)

Applied Mathematics and Nonlinear Sciences

This work is licensed under the Creative Commons Attribution 4.0 International License.

Focusing on the complex market environment of Guangdong Province, this research pioneers a model for assimilating external power sources into the...

Modeling the clearing of intra-provincial power market considering the equivalent value of power supply from outside Guangdong Province under the environment of Southern Regional Market (SRM)

Published Online: May 03, 2024

Page range: -

Received: Apr 10, 2024

Accepted: Apr 19, 2024

DOI: https://doi.org/10.2478/amns-2024-0881

Keywords
Power supply equivalence, Homotopy methods, Electricity markets, Clearing models

© 2024 Haohao Wang et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Modeling the clearing of intra-provincial power market considering the equivalent value of power supply from outside Guangdong Province under the environment of Southern Regional Market (SRM)

Published Online: May 03, 2024

Page range: -

Received: Apr 10, 2024

Accepted: Apr 19, 2024

DOI: https://doi.org/10.2478/amns-2024-0881

KeywordsPower supply equivalence, Homotopy methods, Electricity markets, Clearing models

© 2024 Haohao Wang et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
Power supply equivalence, Homotopy methods, Electricity markets, Clearing models