Peak shaving market mechanism of captive power plants considering energy consumption characteristics of enterprises

Abstract

The continuously increased renewable energy has brought tremendous pressure to the operation of power system. To enhance dispatching flexibility, it is necessary to build peak shaving market and include captive power plants in the transaction. Considering the peculiarity of captive power plants, a mechanism of captive power plants to participate in peak shaving auxiliary services market is proposed, in which the captive power plant must meet the enterprise's own demand for steam and heat when it takes part in market bidding and clearing. The mechanism is established on the basis of the provincial spot market, emphases are focused on declaration and settlement rules. Case studies show that the mechanism can make the captive power plant play its peak shaving role without affecting the production of the enterprise. Thus, the mechanism is practicable and promising in promoting the consumption of renewable energy.