Cascade Hydropower Plant Bidding Strategies For Interconnection To Power Grid

Along with electricity market reform advancement, the bid strategy of the hydropower plant gradually becomes one of electricity market research hot spots.The hydropower plant should to become the independent legal person entity. The complete electricity market should include the thermal power plant and the hydropower plant.The electrical energy producted by the different plants is the identical product. It should be selled in the same price.This article gives the method to establish the penalty mechanism, in order to avoid forming the new monopoly.In the most superior initial flood peak situation, the optimized water consumption of the hydropower plant should to consider the electric quantity income and consume water volume.Based on the gambling, we finally transform these informations into the hydro power plant quoted price strategy.This causes the power plant to obtain the biggest benefit.The cascade hydropower plants have the water power and the electric power relation. The optimized operation method about them has given in this article under electric power market environment.