Yirui Li1, Dongliang Xiao1,3,*, Haoyong Chen1, Weijun Cai1, Josue Campos do Prado2
Energy Engineering, Vol.121, No.8, pp. 2093-2127, 2024, DOI:10.32604/ee.2024.049232
Abstract Currently, both regulated and deregulated power trading exist in China’s power system, which has caused imbalanced funds in the electricity market. In this paper, a simulation analysis of the electricity market with wind energy resources is conducted, and the calculation methods of unbalanced funds are investigated systematically. In detail, the calculation formulas of unbalanced funds are illustrated based on their definition, and a two-track electricity market clearing model is established. Firstly, the concept of the dual-track system is explained, and the specific calculation formulas of various types of unbalanced funds are provided. Next, considering the More >
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