Engineering
4 years ago

China's Electricity Market Overhaul Promises Nationwide Power Sharing and Cost Savings

1 view
Inter-Provincial Electricity Spot Market Model for China
Mu Wang, Zhenfei Tan, Ziming Ma, Haiwang Zhong, Chaofan Hu, Zhiqiang Luo, Junfeng Yang

Paper Summary

A new electricity market model was developed for China to address the mismatch between supply and demand. Drawing inspiration from Europe, a spot market was proposed to improve the national electricity market. The model includes a market clearing algorithm and was tested on a 19-bus system, showing its effectiveness in managing energy and cash flow.

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