Daily Generation Strategies with Consideration of Electricity Contract and Spinning Reserve

When programming the daily generation strategies, power plants consider not only the competitive bids in spot market and the original purchase contracts with distribution companies or users, but also the spinning reserve. Aiming at this goal, the paper puts forward a daily generating model, which is a nonlinear programming model containing integral and continous variables, to coordinate the power volumes of competitive bids, contract and the spinning reserve of power plants and thus to maximize their profits. Then, the model is simplified to ease its solving process, and solved by priority ranking method based on efficiency and quadratic programming. The simulation result of a case study shows that the proposed scheme is reasonable and practicable.