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Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE's Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
On the step of application of increasingly advanced technologies on the existing power system network, the traditional power system has been realizing the intelligent innovation and forming the mode of the Smart Grid. The access of distributed energies, such as distributed generation(DG), distributed energy storage (DES), to the power system, demand response's being introduced, changes the direction of the traditional power flow, enable the Interaction among customers, power companies and power generations. The implementation of bilateral trade, the introduction of competition, are gradually to alter the government-lead demand management model, improve demand-side-management marketing operation, achieve the goal of Government to promoting, market-based electricity market structure of smart grid in the future. In the case of electricity market for China, this paper will explore of the electricity market operating mode under the Smart Grid and give some valuable suggestions.