A game bidding model for electricity purchasing tailored to inter-provincial electricity spot market

Abstract

In the context of China’s vigorous promotion of inter-provincial electricity market construction， there exists a competitive dynamic among multiple purchasing provinces participating in the inter-provincial electricity spot market. To devise a rational bidding strategy for these purchasing provinces， a game bidding model for electricity purchasing tailored to the inter-provincial electricity spot market is proposed. Firstly， the marginal inter-provincial electricity purchase quantity-price curve is calculated based on the operational conditions of the electricity market within each province， serving as the bidding curve for its participation in the inter-provincial electricity spot market. Subsequently， a model for market clearance and pricing in the inter-provincial electricity spot market is proposed under the scenario of variable flow directions of tie-lines. A non-cooperative game bidding model for the inter-provincial market， involving multiple purchasing provinces， is established， where the bidding curve obtained under Nash equilibrium represents the optimal electricity purchase bid for the purchasing provinces. Finally， a simulation calculation is conducted on a case study system comprising two selling provinces and three purchasing provinces to validate the effectiveness of the proposed model and obtain the Nash equilibrium solution of the bidding model for electricity purchase.

Keywords

• inter-provincial electricity market
• bidding strategy
• clearing model
• non-cooperative game
• nash equilibrium