Power-FM Market Clearing Method Considering Carbon Emissions and Demand Response

In the context of increasing demand for grid FM, the traditional thermal power unit-based clearing mechanism is difficult to meet the system carbon emission reduction Currently, encouraging demand-side resources to participate in the FM market trading is an important way to promote the green and low-carbon transformation of energy. Therefore, this paper firstly takes demand-side resources as an independent subject and proposes the trading process of the Power-FM market, and then establishes a bi-level optimization clearing model; in which the upper clearing model takes the minimum of the total system offer cost and the carbon emission cost of the power generation side as the goal, and calculates the system carbon emission flow direction through the theory of carbon emission flow, and the lower layer optimises the load distribution with the minimum of the demand response cost and the carbon emission cost. Finally, the IEEE14 standard system node is taken as an example for simulation analysis, which proves its feasibility and reasonableness.