Benefit analysis and design of pumped storage power station

Is pumped storage plant a life cycle benefit evaluation model?

Based on the pumped storage electricity price mechanism and conforming to the construction law of China's spot power market, this paper established a life cycle benefit evaluation model of pumped storage plant through different market stages, and the evaluation results can provide decision-making reference for investors and national policy makers.

How to optimize pumped-storage power station operation?

Propose a novel optimization framework of pumped-storage power station operation. Optimize pumped-storage power station operation considering renewable energy inputs. GOA optimizes peak-shaving and valley-filling operation of pumped-storage power station. Promote synergies of hydropower output, power benefit, and CO 2 emission reduction.

How pumped storage plant can benefit from economic benefit model?

The full capacity of the pumped storage plant can freely participate in the spot market and auxiliary service market. At the same time, pumped storage plants can also obtain capacity income from reliability capacity market and regulatory capacity market. 4. Economic benefit model

How can pumped-storage power (PSP) stations contribute to a low-carbon economy?

Facilitate the development of PSP station systems and a low-carbon economy. Optimizing peak-shaving and valley-filling (PS-VF) operation of a pumped-storage power (PSP) station has far-reaching influences on the synergies of hydropower output, power benefit, and carbon dioxide (CO 2) emission reduction.

How can Goa improve pumped-storage power station operation?

Optimize pumped-storage power station operation considering renewable energy inputs. GOA optimizes peak-shaving and valley-filling operation of pumped-storage power station. Promote synergies of hydropower output, power benefit, and CO 2 emission reduction. Facilitate the development of PSP station systems and a low-carbon economy.

Does pumped storage plant participation in power trading increase economic benefits?

As an independent market subject, the participation of the pumped storage plant in power trading increases its economic benefits. The results verify the effectiveness of the phased price mechanism and economic accounting model designed in this paper.