Study on Day-ahead Clearing Model of Spot Electricity Market Containing Renewable Energy

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Scopus citations

Abstract

In the context of energy transformation, the process of power system reform has been further accelerated. As an important part, the power spot market can achieve power balance in a smaller time scale, thus promoting the further optimization of resources. This paper established a clearing model for the day-ahead electricity market, simulated the complete day-ahead clearing process, explored the law of market operation through the analysis of examples, and discusses the influence of various market factors on the clearing results, including different market mechanisms, access to renewable energy, etc.

Original languageEnglish
Title of host publicationiSPEC 2019 - 2019 IEEE Sustainable Power and Energy Conference
Subtitle of host publicationGrid Modernization for Energy Revolution, Proceedings
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages2419-2424
Number of pages6
ISBN (Electronic)9781728149301
DOIs
StatePublished - Nov 2019
Event2019 IEEE Sustainable Power and Energy Conference, iSPEC 2019 - Beijing, China
Duration: 21 Nov 201923 Nov 2019

Publication series

NameiSPEC 2019 - 2019 IEEE Sustainable Power and Energy Conference: Grid Modernization for Energy Revolution, Proceedings

Conference

Conference2019 IEEE Sustainable Power and Energy Conference, iSPEC 2019
Country/TerritoryChina
CityBeijing
Period21/11/1923/11/19

Keywords

  • day-ahead electricity market
  • economic dispatch
  • locational marginal price
  • market simulation

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