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Research On Clearing Electricity Price In Electricity Spot Market Based On Price Allocation Under The Influence Of Futures Contract

Posted on:2021-01-25Degree:MasterType:Thesis
Country:ChinaCandidate:K FanFull Text:PDF
GTID:2392330614965929Subject:Electrical engineering
Abstract/Summary:PDF Full Text Request
The development of the electricity market is rising,and China's electricity spot market has entered operational exploration and practice,and is facing many challenges in this process.To this end,it is necessary to deeply understand the market trading rules,clarify the spot market operating rules,and clarify the spot market electricity price clearing mechanism.On the other hand,the development of the electricity market has shown the characteristics of the interaction and interconnection of various market forms.Therefore,it is necessary to comprehensively consider the interactive effects of various electricity market organization forms and explore the impact of different market organization forms on market entities.Due to the commonalities in the form of medium and long-term electricity contracts and futures trading,this article summarizes the term futures contracts.With six chapters,the paper considers the impact and effect of medium and long-term contracts and power futures trading on the spot clearance process,and uses the price allocation method to study the electricity price clearance mechanism in the power spot market,supplemented by Graphs,tables,calculation examples and other forms of comprehensive research and display of this topic.1.The thesis first elaborated on the status quo of the development of the electricity spot market and the research status of electricity price clearing under the influence of futures contracts,and analyzed the necessity and importance of the issue of electricity market clearing based on price allocation under the influence of contracts Sex.Then the paper starts from the actual operation of the electricity spot market,and combines the idea of price allocation to study the electricity price formation mechanism of power generation companies participating in the market quotation in the electricity spot market,including the cost of electricity generation,transmission and distribution,and ancillary service allocation.Proposed a transmission rights pricing method based on transmission sensitivity,which enriched the spot market quotation formation mechanism.2.Based on the quotation formation mechanism of the power spot market,the thesis studies the market participants to clear the electricity price in the power spot market.First consider the impact of medium-and long-term contracts.The paper studies the clearing mechanism of the electricity spot market under the influence of medium and long-term contracts,and obtains the clearing design of the full-capacity electricity spot market.The emission-constrained medium and long-term contract electricity optimization decomposition method is then combined with the electricity market clearance model to elaborate the spot market clearance mechanism.3.The thesis considers the interactive effects of various power market organization forms,and studies the spot market clearing income under the action of power futures trading.First,it analyzes the correlation between electricity futures trading and the spot market,explores the impact of electricity futures trading on the electricity spot market,and explains the impact from both price discovery and risk hedging;then,from the perspective of market participants,the risks of electricity futures trading The defensive and profitable hedging functions are elaborated to illustrate the application of electricity futures trading in the spot market.4.In the end,the paper uses the IEEE39 node system as an example to simulate the electricity price clearing of the full-capacity electricity spot market.Providing experience for the clearing operation of the full electricity spot market.
Keywords/Search Tags:Spot electricity market, medium and long-term contracts, electricity futures trading, electricity price mechanism, market clearing
PDF Full Text Request
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