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

Research Article

The Comparison of Two Settlement Mechanisms in China's Pilot Power Spot Markets

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  • @INPROCEEDINGS{10.4108/eai.27-10-2023.2342014,
        author={Haili  Wang and Hao  Wang and Yue  Han and Feihang  Zhou and Meng  Wang and Chongchun  Li and Hanwen  Li},
        title={The Comparison of Two Settlement Mechanisms in China's Pilot Power Spot Markets},
        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={component; settlement mechanisms; spot market; long-term contract},
        doi={10.4108/eai.27-10-2023.2342014}
    }
    
  • Haili Wang
    Hao Wang
    Yue Han
    Feihang Zhou
    Meng Wang
    Chongchun Li
    Hanwen Li
    Year: 2024
    The Comparison of Two Settlement Mechanisms in China's Pilot Power Spot Markets
    ICEMBDA
    EAI
    DOI: 10.4108/eai.27-10-2023.2342014
Haili Wang1, Hao Wang1, Yue Han1, Feihang Zhou1, Meng Wang1, Chongchun Li1, Hanwen Li2,*
  • 1: Inner Mongolia Power Trading Center Co.
  • 2: North China Electric Power University
*Contact email: 1350112423@qq.com

Abstract

The power market settlement mechanism is the core idea of the market design, and it’s one of the most important parts of the power market rules system. This article analyzes the imperfection of the settlement mechanism in some pilot markets, compares two settlement mechanisms, and gives some settlement advice based on system simulation.