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Ingegneria Sismica

Ingegneria Sismica

Cooperative clearing model of inter-provincial capacity market and electricity market based on game equilibrium

Author(s): Yuming Liu1, Guangyu Yang1, Xin Wang2, Zhe Wu2, Mingjun Liu1
1Shandong Electric Power Trading Center Co., Ltd., Jinan 250000, China
2Zibo Power Supply Company, State Grid Shandong Electric Power Company, Zibo 255000, China
Liu, Yuming . et al “Cooperative clearing model of inter-provincial capacity market and electricity market based on game equilibrium.” Ingegneria Sismica Volume 43 Issue 2: 1-23, doi:10.65102/is2026821.

Abstract

In inter-provincial power trading, the collaborative clearing of capacity market and electricity market needs to simultaneously deal with strategic bidding interaction, transmission coupling and high-dimensional operational constraints. Based on two-layer market interaction and mixed-integer optimization architecture, a cooperative clearing model based on game equilibrium is established. The upper layer is the strategic offer of the provincial seller and buyer in the capacity market and the electricity market, and the lower layer is the joint clearing under tie-line restrictions, reserve requirements, hill climbing boundaries and node balance constraints. Combining KKT reconstruction, binary linearization, and branch-and-cut acceleration, the equalization process is transformed into a solvable mixed-integer framework. The experimental results on a 12-province system containing 168 generating units, 36 inter-provincial channels and 24 periods show that under different load scenarios, the proposed method reduces the total power purchase cost by 11.8%, reduces the new energy power abandonment rate by 14.6%, improves the clearing convergence efficiency by 23.4%, and keeps the equilibrium deviation within 3.1%.

Keywords
Game equilibrium; Inter-provincial transaction; Capacity-quantity cooperative clearing; Mixed integer optimization

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