New Study Shows Clearing Model Improves Electricity Market Efficiency in China
The article compares two ways of setting prices in the electricity market in China. One method, called midpoint uniform clearing, is better at making sure sellers offer electricity at a fair price. This helps keep prices stable and benefits everyone in the market. The researchers used a simulation to test these methods and found that the midpoint uniform clearing model is more effective in guiding sellers to offer electricity at the right price.