Trading Mechanism and Clearing Model of Incentive Demand Response in Electricity Spot Market

doi:10.12204/j.issn.1000-7229.2021.06.015

Abstract

Abstract:

In order to further promote the construction of electricity spot market in China, it is the future development trend of the power spot market to operate on the market-oriented trading mode, in which the power generators and loads participate together and compete fairly. Base on the fact that the research on the demand response (DR) of spot market is still in its infancy in China, and how to participate in the market for DR is an urgent problem to be solved. This paper proposes a new market trading mechanism with clearing mode that takes into account the incentive demand response (IDR). Firstly, an intermediate agent approach has been introduced to integrate IDR resources as one to participate in the wholesale market for dealing with the distributed characteristics. Next, an adaptive IDR trading mechanism has been discussed with the development of electricity spot market in China, and an effective benefit evaluation method for clear spot market has been analyzed for IDR. After that, the bidding model of IDR in the wholesale market is constructed according with the providers’ bids, and the day-ahead and real-time market clearing model with IDR is designed in the joint optimization mode. Finally, the effectiveness of the proposed method and model is verified by the quantitative analysis of the market benefit of IRD through the IEEE 30-node system.

Key words: incentive demand response, electricity spot market, trading mechanism, clearing model, market benefit

CLC Number:

TM721

DUAN Qingang, CHEN Yongchun, WANG Yi, WU Mingxing, BIE Pei, DONG Ping. Trading Mechanism and Clearing Model of Incentive Demand Response in Electricity Spot Market[J]. ELECTRIC POWER CONSTRUCTION, 2021, 42(6): 145-156.

Figures/Tables 13

Fig.1 User-side IDR participating into the wholesale market

Fig.2 Implementation benefit assessment of IDR

Fig.3 Ramp rate limitation of spinning reserve units

Fig.4 IEEE-30 node standard test system

Fig.5 Demand curve in day-ahead market

Fig.6 Curve of market supply cost

Fig.7 Market clearing price under different MTPs

Table 1 Total operation cost of the system

Fig.8 Decline gratitude of electricity price

Fig.9 Variation of load spinning reserve in market clearing and total operation cost of the system under different load levels

Table B1 Basic parameters of units in the system

Table B2 Bidding information of units in the system

Table B3 Bidding information of incentive DR

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