The Hydroelectric Power Plant Market Competition Strategy

The physical function of electrical industry is power generation, transmission and dispatchment. At present, the current of electrical industry reform in all over the world is market operation. As a whole, the aim of electrical industry reform is to break monopoly, to introduce competition, to boost efficiency, to reduce cost, to be health price mechanism, to optimize resource deployment, to boost power development, and to build a fair and health development power market system which monitored by government, divided government and enterprise. After power industry system reformed, electrical industry has happened some new changes such as management system and relation of plants and grid corporations.The aim of power market is efficiently to combine power resource to implement advantage mutual supplement. During building market, the efficiency of electrical corporation and the while competition has been boosted through introducing competition mechanism.The study of power market gives emphasis on power market mode from study fruit and is short of deeply and entirely discussing how to compete in power market. This paper discusses hydrodynamic power plant how to accommodate the need of power market, to participate in power market competition based on the practice of power market reform, domestic economy reform and current power market construction course arrangement in order to attain a satisfaction power market project.From current study of power market mode, power market composing mostly is divided: 1) dot power exchange, including futures, future contract, price difference contract exchange; 2) transmission right exchange, including physical transmission right exchange and finance transmission right exchange; 3) ancillary services exchange, including frequency and voltage stability, black startup, reserve capacity exchange et al.Our country step by step develop power market study from the middle or late 1990s. Some key university, policy study organization and electrical operation management department study power market mode, electrical price mechanism and price forming mechanism et al, combined electrical industry development of our country with some overseas success experience using for reference. Our country has developed power market experimental unit study in northeast, Shandong, Jiangsu, Zhejiang, Sichuan et al since 2000 which accumulated some experience of building our country power market. With economy system reform course of our country gradually boosting and electrical industry system reform gradually deepening, power market research according to the situation of our country also gradually deepens. It is an integrant research subject to discuss current new topic and research aspect in future, especially how to combine constitutes and operation characteristic of hydrodynamic plant to make a participation mechanism according to the demand of power market. Therefore, the paper research not only accords with current demand, but also bears a certain extent practicality value.The research aim of the paper is to put forward participation mechanism of hydrodynamic plant according to the demand of power market in term of the goal ofnation electrical industry system reform. It gives emphasis to: firstly be propitious totranslate resource advantage into economy advantage to insure vested interest ofhydrodynamic plant in market; second make the most of synthesis benefit of marketparticipants and society benefit on the condition of ensuring power system securityand stability. On the whole, building power market is objectively necessary choice ofelectrical industry system reform and power system development. Power marketbuildup is beneficial to harmonize each side's relation and form new system, to ensurepower system security and stability. The research of hydrodynamic plant bid strategyaccording to power market demand bears an important existing significance.The research in the paper including:(1)To discuss power market operation modes, exchange modes and settlementmechanism. Emphatically to explain market sort, market settlement mechanism, bidstrategy,unit optimal bid strategy based on conjectural variation.(2)To study hydrodynamic unit bid speciality, after introducing market exchangmodes and types, emphaticallyto discuss tradition optimal dispatchment andhydrodynamic unit bid strategy(3)To study how to confirm capacity price and form MCP.(4)To study risk in power market exchange, including power market risk type, riskidentification, risk management, hydrodynamic unit bid strategy and its risk analysis.