Research and Considerations of Financial Transmission Right Markets in America and Europe

Wen, Lan; Geng, Meng; Tao, Zhigang; Shan, Maohua; Miao, Xiyun

doi:10.1109/appeec48164.2020.9220717

Cited by 2 publications

(1 citation statement)

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“…In August 2017, the National Development and Reform Commission and the Energy Bureau issued the 'Notice on the Pilot Construction of Electricity Spot Market' [4], which selected eight regions in the south (starting with power market focuses on system security, supply-demand balance and smooth market operation, and has a more complex and sophisticated design, adopting the market model of 'financial contract + spot market' and the dispatching model of 'bilateral offer + centralized optimization' to give full play to the spot market's. The market model of 'financial contract + spot market' and 'bilateral quotation + centralized optimization' dispatch model are adopted to give full play to the function of optimal resource allocation in the spot market [6]. The Nordic day-ahead spot market is organized by the Nordic Electricity Exchange and adopts the principle of 'centralized bidding and marginal clearing' [7,8].…”

Section: Introductionmentioning

confidence: 99%

Model selection and mechanism design for electricity markets in hydropower‐rich regions: Adaptation study

Liu

Yang

2023

IET Generation Trans & Dist

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The development of foreign electricity markets has been relatively complete, while China's electricity market started late and the design of the market mechanism needs to be improved, so the selection of a suitable market model and the design of the market mechanism in hydropower‐rich regions is conducive to the healthy development of the electricity market. While most of the first eight pilot regions in China have entered the long‐period continuous operation stage, and all the second batch of six power spot pilots have started the simulation trial run. However, the construction of power markets in hydropower‐rich regions of China, Sichuan, and Yunnan, still faces multiple problems to be solved, such as ensuring the reliability of medium‐ and long‐term power supply, improving the efficiency of hydropower resources utilization and consumption scale, and maintaining the stability of market prices. In this paper, the authors establish a multi‐scale joint clearing model for different market models considering both long‐term and short‐term operation strategies, and conduct simulations of different market models at different time scales to compare and analyze the optimization results and electricity price fluctuations of different market models. It can stabilize the market price and reasonably reflect the true value of hydropower, and also promote the consumption of clean energy and guarantee the reliability of power supply in the medium and long terms. Finally, suggestions are made for the selection of electricity market models, the security of energy supply and the design of sustainable development mechanisms for hydropower in hydropower‐rich regions such as Yunnan and Sichuan in China, with a view to providing useful references for the construction of China's electricity market.

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Section: Introductionmentioning

confidence: 99%