| Summary: | There is a hydraulic coupling relationship between the upstream and downstream of cascade hydropower stations, and they usually belong to different stakeholders. Traditional clearing mechanism may lead to the mismatch between the bid-winning power and the actual power generated by the downstream power stations, and the low-cost downstream power stations may lose some chance to generate, resulting in damage to social welfare. This paper analyzes the problems faced by multi-operator cascade hydropower stations participating in the day-ahead market. By deducing the generation coupling relationship between upstream and downstream cascade hydropower stations, it is found that the output of downstream hydropower stations can be divided into four parts: fixed part, adjustable part, the part coupled with the output of the upstream power station, the part coupled with the output of the upstream power station and the adjustable output. At last, day-ahead market clearing mechanism and settlement mechanism for downstream power stations to participate in bidding are proposed.
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