Analyzing the Wind-Dominant Electricity Market under Coexistence of Regulated and Deregulated Power Trading.

Currently, both regulated and deregulated power trading exist in China’s power system, which has caused imbalanced funds in the electricity market. In this paper, a simulation analysis of the electricity market with wind energy resources is conducted, and the calculation methods of unbalanced funds are investigated systematically. In detail, the calculation formulas of unbalanced funds are illustrated based on their definition, and a two-track electricity market clearing model is established. Firstly, the concept of the dual-track system is explained, and the specific calculation formulas of various types of unbalanced funds are provided. Next, considering the renewable energy consumption, the market clearing model based on DC power flow is constructed and solved; by combining fitting methods of mid- and long-term curves, the unbalanced funds are calculated based on clearing results and formulas. [ABSTRACT FROM AUTHOR]