Research Article
The Comparison of Two Settlement Mechanisms in China's Pilot Power Spot Markets
@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
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.
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