Research Article

The Power Purchase Optimization Model in China considering the Renewable Energy Risks under Different Risk Preferences

Table 3

The power quantity constraints of the grid company (unit:  100 GWh).

Type Value Power purchased from the extraprovincial marketPower purchased from the intraprovincial market
HydropowerThermal powerWind powerPhotovoltaic generation

Long-term contractThe most probable value0.30470.220.320.310.31
The minimal value0.30470.220.320.310.31
The maximal value0.30470.220.320.310.31

Short-term contractThe most probable value0.450.24430.33290.32490.3249
The minimal value0.4480.23930.32790.32290.3229
The maximal value0.4520.24930.33790.32690.3269