Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27–29, 2023, Tianjin, China

Research Article

Research on Risk Assessment Model of Electricity Spot Market Considering Local Grid and Incremental Distribution Network

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  • @INPROCEEDINGS{10.4108/eai.27-10-2023.2341948,
        author={Yunwang  Hu and Feifei  Zhou and Jianzhao  Li and Hongpeng  Qi and Yiwei  Yu and Yining  Yang},
        title={Research on Risk Assessment Model of Electricity Spot Market Considering Local Grid and Incremental Distribution Network},
        proceedings={Proceedings of the 4th International Conference on Economic Management and Big Data Applications, ICEMBDA 2023, October 27--29, 2023, Tianjin, China},
        publisher={EAI},
        proceedings_a={ICEMBDA},
        year={2024},
        month={1},
        keywords={spot market; risk assessment; local grid incremental distribution network},
        doi={10.4108/eai.27-10-2023.2341948}
    }
    
  • Yunwang Hu
    Feifei Zhou
    Jianzhao Li
    Hongpeng Qi
    Yiwei Yu
    Yining Yang
    Year: 2024
    Research on Risk Assessment Model of Electricity Spot Market Considering Local Grid and Incremental Distribution Network
    ICEMBDA
    EAI
    DOI: 10.4108/eai.27-10-2023.2341948
Yunwang Hu1, Feifei Zhou1, Jianzhao Li1, Hongpeng Qi1, Yiwei Yu2,*, Yining Yang2
  • 1: Guangxi Power Trading Center Limited Liability Company
  • 2: North China Electric Power University
*Contact email: yuyiwei991@163.com

Abstract

Under the background of incremental distribution reform, the local grid and the incremental distribution network will directly participate in the electricity spot market, and compete with main power supplies in the market segments of quotation, clearing, pricing, and settlement, etc. Local grid enterprises and incremental network enterprises will also directly participate in the competition of the spot market, which will exacerbate the risks of price fluctuation, information disclosure, and network congestion in the spot market. In order to help enterprises identify and evaluate market risks, develop scientific risk prevention strategies, firstly, the risk impact mechanism of local grids and incremental distribution networks on the electricity spot market was analyzed; then, indicators were selected from five dimensions, such as competing risk and price risk, and a risk assessment model of the electricity spot market with consideration of local grids and incremental distribution networks was established; finally, strategic suggestions for preventing market risks were put forward, which provide a reference for rationally controlling the market risk of the spot market and promoting the safe and stable operation of the market.