East China Regional Power Market Pricing Mechanism

The establishment of pricing system become the new emphasis when the competitors appearing in the new phase's entrance of China power market reformation.According to the history and actuality of China power pricing reformation,the thesis advanced the princing system of East China power market,with plenty of researches on the power pricing theory of China and overseas.The thesis divided the East China power market into two phases,Current Market for the direct competition of power plants and Forward Market for power wholesale when the Distribution companies account be independent and could engage in competition directly.Current Market included Regional market where competitors enlisting voluntarily,Two levels' market operating harmoniously,United regional market for new incremental power and Regional market for quotients of power.Basing on the difference of control range,Forward Market included Mode of Multi control zone and Mode of Single control zone.Furthermore,the thesis advanced the pricing mechanism of the demand response for the reduction of price on peak,the reduction of risk,enhancing the system stability.The thesis bringed forward the corresponding transmission pricing models basing on the difference between Current Market and Forward Market.According to theoretic analysis and the peculiarities of East China power market,the thesis maked unique suggestions for policy making in conclusion.