The Trans-Provincial Peak Regulation Market Design

Jian Mei; B. Zou

doi:10.4028/www.scientific.net/AMR.860-863.1942

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 860-863The Trans-Provincial Peak Regulation Market Design

The Trans-Provincial Peak Regulation Market Design

Abstract:

The participants utility of the peak regulation market is analyzed in this paper. And then a trading model of the market is proposed which employed the marginal generating cost as decision variables. Using the proposed trading model, the market characteristics are revealed that the total generating costs are reduced after peaking transaction. The bidding, market clearing and settlement rules are given based on the trading model. A case study illuminates the theory results.

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Periodical:

Advanced Materials Research (Volumes 860-863)

Pages:

1942-1950

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.860-863.1942

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Online since:

December 2013

Authors:

Jian Mei*, B. Zou

Keywords:

Electricity Market, Energy Saving, Generation Cost, Loss Compensation, Peak Regulation Transaction

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* - Corresponding Author

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