The Research On Profiting Strategy Of Generation In The Power Market

In the new power market structure, as independent economic entities, the purchase price and load of generation are random variables in the new market structure, the operation cost and the revenue of structure have also changed. Therefore, the most critical problem of generation in the power market is how to develop the best revenue strategy and cost strategy to maximize profit in the condition of some constraintsFirst, the paper shows the source, background and significance of the research project, summarized the literature of domestic and foreign scholars, and expounded the main content, structure and method of the project. We set up a profit model of generation in the power market, which is based of marker segmentation of revenue resource and illumination of production cost. We also compared the profit model in the vertical integration with in the power market, and analyzed the most important factor which affected the revenue and profit of generation in the power market.Secondly, the paper discusses the revenue strategy of generation based profit maximization through the analysis of marker segmentation of revenue resource in the power market. In the environment of two-tariff mechanism, in order to reduce the operation risk, the generation should make the logical distribution between capacity market and energy market in the revenue of capacity market according to the actual condition of themselves. Generation should harmonize the relation between long-term contract market and spot market in the energy market. The paper sets up the two-person bidding game model based virtual equivalent competitor in order to realize the largest revenue of days-ahead market and real-time market. We changed the n-person bidding game of generations to the two person bidding game of generation and market, and described the zero sum infinity game, resulting in the best bidding strategy of generation based that market price follow normal distribution .Finally, the paper discusses the cost strategy of generation based on profit maximization for the operation and cost uncertainty in the power market. In this paper, through quoting the concept of path, we used the interpolated dynamic programming methods to establish the dynamic cost control model of generation. And on this foundation, the optimized scheme which based on the forecast load is put forward.