Enhanced Efficient Capacity of Hydropower Generation with Wind Power Generation

摘要

Recently, hydropower and wind power generation have contributed to the reduction of anthropogenic greenhouse gas emissions from fossil fuels use. However electricity price volatility arises from the missing capacity when the efficient capacity of hydropower or wind power generation, influenced by the water inflow or wind uncertainty, is lower than their installed capacity. In order to hedge the electricity price volatility and ensure capacity adequacy, capacity market mechanisms have been built up. Unfortunately, offering efficient capacity price of hydropower for investment recovery is always more than market clear price due to the missing efficient capacity, which prevents the hydropower generation from entering into the market. This paper tries to analyse the hydropower generation and wind power generation in order to enhance the efficient capacity, which will be with a reasonable offering capacity price to ensure hydropower generation and wind power entering into the capacity market.