Study on the effect of electricity market factors on the revenue of hydropower plant

Abstract

    The competitive electricity market has come into operation and has made great progress when more than 100 power plants with a total installed capacity of more than 30000MW have entered the market. The design and operation of hydroelectric power plants operating in the electricity market is much more complex than non-market plants. However, the effect of electricity market on the revenue of hydropower plant is not particularly considered in the studies, as well as the evaluation of the effectiveness of hydropower projects. This leads to inadequacies and difficulties for hydropower plants when operating in the electricity market, greatly affecting the efficiency of the project. In this article, we study the
change in revenue of hydroelectric power plants when the rate of contract production changes concurrently with the change of the contract price. On the basis of research results, a number of recommendations are proposed in determining contract price and rate of contract production for hydropower plants when operating in the electricity market