AUTHOR=Li Gengyin , Li Guodong , Zhou Ming 

TITLE=Market Transaction Model Design Applicable for Both Plan and Market Environment of China’s Renewable Energy

JOURNAL=Frontiers in Energy Research

VOLUME=Volume 10 - 2022

YEAR=2022

URL=https://www.frontiersin.org/journals/energy-research/articles/10.3389/fenrg.2022.862653

DOI=10.3389/fenrg.2022.862653

ISSN=2296-598X

ABSTRACT=China's Electricity market is undergoing a rapid development stage from plan to market, and will exist in plan and market model for a long time. Based on the status quo of China's power plan and market in-depth, this paper has studied and put forward a kind of market transaction mechanism adapted to plan and market model of China. The mechanism arranges priority generation plan first, to match priority electricity plan. Especially for renewable energy generation output greater than planned value, it carries out priority arrangement of renewable energy generation to guarantee its reliable consumption. Then medium long-term market transaction and incremental spot market transaction are carried out. This paper detailed designs operational processes such as priority plan, medium and long-term, spot (i.e. day-ahead, intraday and real time), auxiliary services, balance stages. Finally, based on actual data of provincial electricity market, the calculation and analysis are carried out to verify that the method proposed in this paper can effectively reduce market imbalance and promote renewable energy consumption, which has a certain practical value for China's electricity market development.