The evaluation of the electricity market is crucial for fostering market construction and development.An accurate assessment of the electricity market reveals developmental trends,identifies operational issues,and con...The evaluation of the electricity market is crucial for fostering market construction and development.An accurate assessment of the electricity market reveals developmental trends,identifies operational issues,and contributes to stable and healthy market growth.This study investigated the characteristics of electricity markets in different provinces and synthesized a comprehensive set of evaluation indicators to assess market effectiveness.The evaluation framework,comprising nine indicators organized into two tiers,was constructed based on three aspects:market design,market efficiency,and developmental coordination.Furthermore,a novel fuzzy multi-criteria decision-making evaluation model for electricity market performance was developed based on the Fuzzy-BWM and fuzzy COPRAS methodologies.This model aimed to ensure both accuracy and comprehensiveness in market operation assessment.Subsequently,empirical analyses were conducted on four typical provincial-level electricity markets in China.The results indicate that Guangdong’s electricity market performed best because of its effective balance of stakeholder interests and adherence to contractual integrity principles.Zhejiang and Shandong ranked second and third,respectively,whereas Sichuan exhibited the poorest market performance.Sichuan’s electricity market must be improved in terms of market design,such that market players can obtain a fairly competitive environment.The sensitivity analysis of the constructed indicators verified the effectiveness of the evaluation model proposed in this study.Finally,policy recommendations were proposed to facilitate the sustainable development of China’s electricity markets with the objective of transforming them into efficient and secure markets adaptable to the evolution of novel power systems.展开更多
As the Chinese government proposes ambitious plans to promote low-carbon transition,energy storage will play a pivotal role in China’s future power system.However,due to the lack of a mature electricity market enviro...As the Chinese government proposes ambitious plans to promote low-carbon transition,energy storage will play a pivotal role in China’s future power system.However,due to the lack of a mature electricity market environment and corresponding mechanisms,current energy storage in China faces problems such as unclear operational models,insufficient cost recovery mechanisms,and a single investment entity,making it difficult to support the rapid development of the energy storage industry.In contrast,European and American countries have already embarked on certain practices in energy storage operation models.Through exploration of key issues such as investment entities,market participation forms,and cost recovery channels in both front and back markets,a wealth of mature experiences has been accumulated.Therefore,this paper first summarizes the existing practices of energy storage operation models in North America,Europe,and Australia’s electricity markets separately from front and back markets,finding that perfect market mechanisms and reasonable subsidy policies are among the main drivers for promoting the rapid development of energy storage markets.Subsequently,combined with the actual development of China’s electricity market,it explores three key issues affecting the construction of costsharing mechanisms for energy storage under market conditions:Market participation forms,investment and operation modes,and cost recovery mechanisms.Finally,in line with the development expectations of China’s future electricitymarket,suggestions are proposed fromfour aspects:Market environment construction,electricity price formation mechanism,cost sharing path,and policy subsidy mechanism,to promote the healthy and rapid development of China’s energy storage industry.展开更多
In Synergetics, when a complex system evolves from one sate to another, the order parameter plays a dominant role. We can analyze the complex system state by studying the dynamic of order parameter. We developed a syn...In Synergetics, when a complex system evolves from one sate to another, the order parameter plays a dominant role. We can analyze the complex system state by studying the dynamic of order parameter. We developed a synergetic model of electricity market operation system, and studied the dynamic process of the system with empirical example, which revealed the internal mechanism of the system evolution. In order to verify the accuracy of the synergetic model, fourth-order Runge-Kutta algorithm and grey relevance method were used. Finally, we found that the reserve rate of generation was the order parameter of the system. Then we can use the principle of Synergetics to evaluate the efficiency of electricity market operation.展开更多
National Grid is the electricity system operator in Great Britain and has an unique feature in so far as it is one of the world’s few for-profit system operators. In addition, the commercially orientation of the Brit...National Grid is the electricity system operator in Great Britain and has an unique feature in so far as it is one of the world’s few for-profit system operators. In addition, the commercially orientation of the British market rules means that nearly every action taken by National Grid to operate the system has a cost associated to it. Based on those factors and in order to encourage National Grid to seek continuous improvements and drive for efficient and economic system operation, the regulator (Ofgem) offers an incentive scheme, whereby a target is agreed annually and any savings in relation to this target are shared between consumers and National Grid in the form of a profit. It is in National Grid’s best interest to have mechanisms to mitigate the impacts of volatility in the costs it faces as system operator so that it can implement cost saving actions without the risk of windfall losses (or gains) arising from sudden changes in uncontrollable drivers. The purpose of this paper is to share the experiences of National Grid in the operation of Great Britain's electricity system, with a special interest on the mechanisms created to manage the associated costs in response to the incentive scheme. It does so by describing the market operation in Great Britain and the costs drivers impacting National Grid’s system operation and illustrating the steps recently taken by National Grid to propose volatility mitigation mechanisms. It concludes with the rationale and expected results from the latest proposals as consulted with the industry for introduction in the incentive scheme starting on 1st April 2011. It is worth noting that with this work, the authors wish to both share the experience with other system operators and regulators in the world, as well as give British market participants an insight on the inner workings of National Grid.展开更多
In the electricity market environment,the regional integrated energy system(RIES)can reduce the total operation cost by participating in electricity market transactions.However,the RIES will face the risk of load and ...In the electricity market environment,the regional integrated energy system(RIES)can reduce the total operation cost by participating in electricity market transactions.However,the RIES will face the risk of load and electricity price uncertainties,which may make its operation cost higher than expected.This paper proposes a method to optimize the operation cost of the RIES in the electricity market environment considering uncertainty.Firstly,based on the operation cost structure of the RIES in the electricity market environment,the energy flow relationship of the RIES is analyzed,and the operation cost model of the RIES is built.Then,the electricity purchase costs of the RIES in the medium-and long-term electricity markets,the spot electricity market,and the retail electricity market are analyzed.Finally,considering the risk of load and electricity price uncertainties,the operation cost optimization model of the RIES is established based on conditional value-at-risk.Then it is solved to obtain the operation cost optimization strategy of the RIES.Verification results show that the proposed operation cost optimization method can reduce the operation cost of high electricity price scenario by optimizing the energy purchase and distribution strategy,constrain the risk of load and electricity price uncertainties,and help balance the risks and benefits.展开更多
The relation between the implementation time of small reactor and its market was studied if small reactor could be implemented to be utilized as a base load operation. If the small reactors with 100 or 50 MWe could be...The relation between the implementation time of small reactor and its market was studied if small reactor could be implemented to be utilized as a base load operation. If the small reactors with 100 or 50 MWe could be implemented from 2020, the potential countries could be selected from the view point of the estimated total electricity consumption in 2020 and the stability of the electrical grid system. The commercialization of small reactors should be best done early because the market for these power units as a base load operation might be reduced due to the increase of the electricity consumption in the future after 2020. The implementation program of small reactors for the district heating and electricity supply in Mongolia, which is one of the countries having the interests in small reactor, was investigated and the future implementation plan was proposed too. In order to reduce the air pollution by coal fired heating system, there is an urgent need to start the discussion for the utilization of nuclear district heating reactor in Ulaanbaatar.展开更多
文摘The evaluation of the electricity market is crucial for fostering market construction and development.An accurate assessment of the electricity market reveals developmental trends,identifies operational issues,and contributes to stable and healthy market growth.This study investigated the characteristics of electricity markets in different provinces and synthesized a comprehensive set of evaluation indicators to assess market effectiveness.The evaluation framework,comprising nine indicators organized into two tiers,was constructed based on three aspects:market design,market efficiency,and developmental coordination.Furthermore,a novel fuzzy multi-criteria decision-making evaluation model for electricity market performance was developed based on the Fuzzy-BWM and fuzzy COPRAS methodologies.This model aimed to ensure both accuracy and comprehensiveness in market operation assessment.Subsequently,empirical analyses were conducted on four typical provincial-level electricity markets in China.The results indicate that Guangdong’s electricity market performed best because of its effective balance of stakeholder interests and adherence to contractual integrity principles.Zhejiang and Shandong ranked second and third,respectively,whereas Sichuan exhibited the poorest market performance.Sichuan’s electricity market must be improved in terms of market design,such that market players can obtain a fairly competitive environment.The sensitivity analysis of the constructed indicators verified the effectiveness of the evaluation model proposed in this study.Finally,policy recommendations were proposed to facilitate the sustainable development of China’s electricity markets with the objective of transforming them into efficient and secure markets adaptable to the evolution of novel power systems.
基金supported financially by State Grid Henan Electric Power Company Technology Project“Research on System Cost Impact Assessment and Sharing Mechanism under the Rapid Development of Distributed Photovoltaics”(Grant Number:5217L0220021).
文摘As the Chinese government proposes ambitious plans to promote low-carbon transition,energy storage will play a pivotal role in China’s future power system.However,due to the lack of a mature electricity market environment and corresponding mechanisms,current energy storage in China faces problems such as unclear operational models,insufficient cost recovery mechanisms,and a single investment entity,making it difficult to support the rapid development of the energy storage industry.In contrast,European and American countries have already embarked on certain practices in energy storage operation models.Through exploration of key issues such as investment entities,market participation forms,and cost recovery channels in both front and back markets,a wealth of mature experiences has been accumulated.Therefore,this paper first summarizes the existing practices of energy storage operation models in North America,Europe,and Australia’s electricity markets separately from front and back markets,finding that perfect market mechanisms and reasonable subsidy policies are among the main drivers for promoting the rapid development of energy storage markets.Subsequently,combined with the actual development of China’s electricity market,it explores three key issues affecting the construction of costsharing mechanisms for energy storage under market conditions:Market participation forms,investment and operation modes,and cost recovery mechanisms.Finally,in line with the development expectations of China’s future electricitymarket,suggestions are proposed fromfour aspects:Market environment construction,electricity price formation mechanism,cost sharing path,and policy subsidy mechanism,to promote the healthy and rapid development of China’s energy storage industry.
文摘In Synergetics, when a complex system evolves from one sate to another, the order parameter plays a dominant role. We can analyze the complex system state by studying the dynamic of order parameter. We developed a synergetic model of electricity market operation system, and studied the dynamic process of the system with empirical example, which revealed the internal mechanism of the system evolution. In order to verify the accuracy of the synergetic model, fourth-order Runge-Kutta algorithm and grey relevance method were used. Finally, we found that the reserve rate of generation was the order parameter of the system. Then we can use the principle of Synergetics to evaluate the efficiency of electricity market operation.
文摘National Grid is the electricity system operator in Great Britain and has an unique feature in so far as it is one of the world’s few for-profit system operators. In addition, the commercially orientation of the British market rules means that nearly every action taken by National Grid to operate the system has a cost associated to it. Based on those factors and in order to encourage National Grid to seek continuous improvements and drive for efficient and economic system operation, the regulator (Ofgem) offers an incentive scheme, whereby a target is agreed annually and any savings in relation to this target are shared between consumers and National Grid in the form of a profit. It is in National Grid’s best interest to have mechanisms to mitigate the impacts of volatility in the costs it faces as system operator so that it can implement cost saving actions without the risk of windfall losses (or gains) arising from sudden changes in uncontrollable drivers. The purpose of this paper is to share the experiences of National Grid in the operation of Great Britain's electricity system, with a special interest on the mechanisms created to manage the associated costs in response to the incentive scheme. It does so by describing the market operation in Great Britain and the costs drivers impacting National Grid’s system operation and illustrating the steps recently taken by National Grid to propose volatility mitigation mechanisms. It concludes with the rationale and expected results from the latest proposals as consulted with the industry for introduction in the incentive scheme starting on 1st April 2011. It is worth noting that with this work, the authors wish to both share the experience with other system operators and regulators in the world, as well as give British market participants an insight on the inner workings of National Grid.
基金supported in part by the Research Project of Digital Grid Research Institute,China Southern Power Grid(No.YTYZW20010)in part by the Research and Development Program Project in Key Areas of Guangdong Province(No.2021B0101230003)in part by the National Natural Science Foundation of China(No.51907031)。
文摘In the electricity market environment,the regional integrated energy system(RIES)can reduce the total operation cost by participating in electricity market transactions.However,the RIES will face the risk of load and electricity price uncertainties,which may make its operation cost higher than expected.This paper proposes a method to optimize the operation cost of the RIES in the electricity market environment considering uncertainty.Firstly,based on the operation cost structure of the RIES in the electricity market environment,the energy flow relationship of the RIES is analyzed,and the operation cost model of the RIES is built.Then,the electricity purchase costs of the RIES in the medium-and long-term electricity markets,the spot electricity market,and the retail electricity market are analyzed.Finally,considering the risk of load and electricity price uncertainties,the operation cost optimization model of the RIES is established based on conditional value-at-risk.Then it is solved to obtain the operation cost optimization strategy of the RIES.Verification results show that the proposed operation cost optimization method can reduce the operation cost of high electricity price scenario by optimizing the energy purchase and distribution strategy,constrain the risk of load and electricity price uncertainties,and help balance the risks and benefits.
文摘The relation between the implementation time of small reactor and its market was studied if small reactor could be implemented to be utilized as a base load operation. If the small reactors with 100 or 50 MWe could be implemented from 2020, the potential countries could be selected from the view point of the estimated total electricity consumption in 2020 and the stability of the electrical grid system. The commercialization of small reactors should be best done early because the market for these power units as a base load operation might be reduced due to the increase of the electricity consumption in the future after 2020. The implementation program of small reactors for the district heating and electricity supply in Mongolia, which is one of the countries having the interests in small reactor, was investigated and the future implementation plan was proposed too. In order to reduce the air pollution by coal fired heating system, there is an urgent need to start the discussion for the utilization of nuclear district heating reactor in Ulaanbaatar.