Research on the Model of Long Term Generation Planning in Power Market Reform

With the deepening of China’s power market, bilateral transactions will continue to grow in large scale. The release of bilateral transactions locked more regulatory resources of the power grid, will directly affect the operation mode of the unit and the implementation of planned electricity. In the paper, considering the large-scale bilateral trade effect on the peak regulation of power grid, energy saving and emission reduction, power system security and other factors, and then putting forward the method of long term generation planning and annual planning model to adapt to the safe operation of power grid in China. In the model, the target is minimizing the monthly load rate deviation and the annual electric quantity deviation rate, the latter includes the capacity factor. In addition, the constraints include the monthly quantity of electricity, adjustable utilization rate deviation, load rate, reserve and key sections, etc. Through an example to verify the correctness of the model, the planning and power transaction results can satisfy the peak regulation of load, energy saving and emission reduction and safety operation of the power grid requirements.