Mechanism， Feature and Value Analysis of Virtual Bidding and Up-to Congestion

doi:10.3969/j.issn.1000-7229.2019.11.012

Abstract

Abstract: As an important part of electricity markets， the electricity financial derivatives have different trading mechanisms and trading periods. Among them， electricity options and futures are traded independently from the electricity spot market， while virtual bidding (VB) and Up-to congestion (UTC) are traded completely in the spot market. The basic concepts and trading mechanism of VB and UTC are introduced in this paper. The features and values are analyzed combined with the actual data in electricity financial markets abroad， and the prospect of electricity financial market developing in China is discussed.

Key words: electricity financial markets, virtual bidding(VB), electricity financial derivatives, Up-to congestion（UTC）

CLC Number:

TM 73

ZHANG Guanglun， ZHONG Haiwang， CHEN Lianfu， FAN Menghua. Mechanism， Feature and Value Analysis of Virtual Bidding and Up-to Congestion[J]. Electric Power Construction, 2019, 40(11): 97-105.

References

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