A Decentralized Distribution Market Mechanism Considering Renewable Generation Units With Zero Marginal Costs

Yang, Jiajia; Wen, Fushuan; Chen, Guo; Qiao, Yichen

doi:10.1109/tsg.2019.2942616

Cited by 28 publications

(8 citation statements)

References 32 publications

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“…In addition, ( 5) contains two meanings. Firstly, any market entity no matter acts as a searcher or bidder, whose total declared electricity quantity in each sub-market is constrained by the total amount of their own demand/supply electricity quantity [28]. Secondly, the total amount of each market entity's demand/supply electricity quantity declared to the trading system can only constrain the declared electricity quantity in a single sub-market, but not the total electricity quantity in two submarkets at the same time.…”

Section: Constraints Of Bidders Electricity Quantitymentioning

confidence: 99%

A new double‐market parallel trading mechanism for competitive electricity markets

Shang

Jiang

Gao

et al. 2022

IET Renewable Power Gen

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The current electricity market trading mechanism mainly includes the bilateral negotiation transaction and centralized transaction, with defects such as information asymmetry, insufficient competition, and weak price discovery. Thus, a new double-market parallel trading mechanism is proposed to improve the efficiency of the competitive electricity market in this paper. Regard the electricity market as a price-searching market and divide into two sub-markets composed of a price-searching market for buyers and a price-searching market for sellers. Market entities can trade synchronously in two sub-markets as price searchers or bidders. Searchers are responsible for organizing transactions in line with the market clearing rule library, and bidders participate in transactions initiated by searchers. Under the parallel mechanism, the traditional trading mechanism is also applicable. the framework of the proposed mechanism is presented from four aspects, including the description, clearing process, operation mode, and linkage between two sub-markets. Then, a market clearing model of the proposed mechanism is built with several traditional transaction modes as special cases of the presented double-market parallel transactions. Finally, taking the centralized transaction as an example, results show that the proposed mechanism can effectively provide market entities more chances to win contracts, and enhance the market liquidity.

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Section: Constraints Of Bidders Electricity Quantitymentioning

confidence: 99%

A new double‐market parallel trading mechanism for competitive electricity markets

Shang

Jiang

Gao

et al. 2022

IET Renewable Power Gen

Self Cite

View full text Add to dashboard Cite

show abstract

“…A defining feature of such an economy is that both consumers and organizations consume more and more services that are enabled by digital technology uses rather than acquiring tangible goods (Buera and Kaboski, 2012;Rubalcaba, 2007;Wölfl, 2005). In such an economy, marginal costs incurred by organizational operations tend to approach zero (Frew et al, 2016;Rifkin, 2014;Yang et al, 2019). It is typically only the first copy of software, songs, book texts, and movies that incurs costs.…”

Section: Introductionmentioning

confidence: 99%

Accounting for cognitive time in activity-based costing: A technology for the management of digital economy

Pashkevich

Schéele

Haftor

2023

Technological Forecasting and Social Change

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“…On the one hand, the income of RESbased generation companies cannot be guaranteed after the participation, which will damage the confidence of RES-based generation investors, and is not conducive to the long-term RES generation development. On the other hand, the participation of RES generation units in the electricity spot market may increase the market volatility and lead to severe fluctuations in spot market prices (Xu et al, 2020;Yang et al, 2020). Therefore, the participation of RES generation units in electricity spot markets requires an effective transition mechanism.…”

Section: Introductionmentioning

confidence: 99%

A Transition Mechanism for the Participation of Renewable Energy Generation Companies in Competitive Electricity Spot Markets

et al. 2022

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Under the China’s ‘dual carbon’ national goal–reaching peak carbon emissions by 2030 and achieving carbon neutrality by 2060, one of the key issues in China is how to smoothly transit from a fixed-price mode to a competitive market pricing mode for renewable energy generation companies. Aiming at minimizing governmental subsidies and maximizing the fairness among renewable energy generation companies, a multi-agent three-layer transition mechanism with the transactions of green certificates considered is proposed in this paper. Through adjusting subsidy policies, the developed transition mechanism can stimulate the renewable energy generation companies to gradually participate in the competitive electricity spot market. Specifically, a multi-market multi-agent transaction framework in the transition mechanism is first established. Then, in order to derive the important parameters of the transition mechanism, a method that decouples the electricity market and the green certificate market is designed. Finally, the feasibility and efficiency of the proposed transition mechanism are demonstrated through numerical examples.

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A Decentralized Distribution Market Mechanism Considering Renewable Generation Units With Zero Marginal Costs

Cited by 28 publications

References 32 publications

A new double‐market parallel trading mechanism for competitive electricity markets

A new double‐market parallel trading mechanism for competitive electricity markets

Accounting for cognitive time in activity-based costing: A technology for the management of digital economy

A Transition Mechanism for the Participation of Renewable Energy Generation Companies in Competitive Electricity Spot Markets

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