Electricity Trading Mechanisms Considering Interregional Sharing of Reserve Ancillary Services

Differences in natural resources among regions in China have led to differences in the energy structure of the power system. With the green and low-carbon transformation of the power system, the demand for cross-provincial and cross-regional consumption of renewable energy is becoming more and more urgent, and the optimal allocation of power resources across a wide area after considering large-scale integration of renewable energy into the grid will become the mainstream trend of China's power system in the future. Currently, the inter-area contact line transactions in the world only consider the electric energy market transactions, forming the energy scarcity price reflecting the matching of supply and demand, and the regional reserve market reflecting the matching of supply and demand of Reserve Ancillary Service was not established. This paper constructs a market clearing model and settlement method based on the market mechanism of market participants' request for reserve demand, taking into account the reserve of inter-regional reserve transmission channels. Through empirical analysis, this method can improve the level of renewable energy consumption in the interconnected region, reduce the overall market operating costs, and also achieve a reasonable sharing of costs.

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Publication Details

Published
2024-10-25
DOI
https://doi.org/10.1109/acfpe63443.2024.10801101
Citations
2
Primary Topic
Power Systems and Renewable Energy
Type
article
Field-Weighted Citation Impact
0.34
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Electricity Trading Mechanisms Considering Interregional Sharing of Reserve Ancillary Services

Peng Hu, Feng Q. Yang, Zhiheng Li, Senmao Li et al.
2 citations
Power Systems and Renewable Energy
0.34
article

Electricity Trading Mechanisms Considering Interregional Sharing of Reserve Ancillary Services

Peng Hu, Feng Q. Yang, Zhiheng Li, Senmao Li, Wenjie Zhao
article en
2 citations

Abstract

Differences in natural resources among regions in China have led to differences in the energy structure of the power system. With the green and low-carbon transformation of the power system, the demand for cross-provincial and cross-regional consumption of renewable energy is becoming more and more urgent, and the optimal allocation of power resources across a wide area after considering large-scale integration of renewable energy into the grid will become the mainstream trend of China's power system in the future. Currently, the inter-area contact line transactions in the world only consider the electric energy market transactions, forming the energy scarcity price reflecting the matching of supply and demand, and the regional reserve market reflecting the matching of supply and demand of Reserve Ancillary Service was not established. This paper constructs a market clearing model and settlement method based on the market mechanism of market participants' request for reserve demand, taking into account the reserve of inter-regional reserve transmission channels. Through empirical analysis, this method can improve the level of renewable energy consumption in the interconnected region, reduce the overall market operating costs, and also achieve a reasonable sharing of costs.

Chongqing University (CN)
Openalex Percentile: Top 32%
Power Systems and Renewable Energy
0.34
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Electricity Trading Mechanisms Considering Interregional Sharing of Reserve Ancillary Services — Peng Hu, Feng Q. Yang, et al. · (2024) | TGRS Research Map | TGRS