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The Combination of Purchase Agent, Bilateral Contract and Real-time Pricing Consumer Group A Research on the Electricity Market Model with Demand Response in China

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4 Author(s)
Wang Dongrong ; Hunan Electr. Power Co. ; Liu Baohua ; Sun Xin ; Zeng Ming

To enhance the static stability for unilateral open electricity market, this paper establishes a static stability model for it, which including system regulating capacity of grid company and demand-side simultaneous response as feedback, and contract trade as 'storage'. Based on this model, it presents a compounding model including the grid company with regulating capacity as the system centrum, contract trade as the main form for electricity trade, and real-time pricing consumer group as another critical pole in the power market. This model will be compatible with the current industrial structure, be able to resolve the dispute around power tariff for the current situation in China via market mechanism, and be able to transit toward bilateral open market smoothly

Published in:

Transmission and Distribution Conference and Exhibition: Asia and Pacific, 2005 IEEE/PES

Date of Conference:

2005