Intelligent Mode Design for the Electricity Market Based on Compound Bidding Matchmaking

Authors

  • Yunzhao Li State Grid Xinjiang Electric Power Co., Ltd., Urumqi 830001, China
  • Chen Luo State Grid Xinjiang Electric Power Co., Ltd., Urumqi 830001, China
  • Yichen Xu State Grid Xinjiang Electric Power Co., Ltd. Institute of Electric Power Science, Urumqi 830001, China
  • Haimeng Yu Guodian NARI Nanjing Control System Co., LTD. Nanjing 210000, China

Abstract

As the driving force of social progress, the use of electric power is increasing. The electricity trading market is developing vigorously, and the volume, amount and subject of electricity trading are constantly increasing. The problems of low transaction efficiency, low competition, incomplete transaction, transaction security and openness are becoming more and more serious. However, the traditional electricity market cannot effectively solve the problems of the electricity market by adopting a single transaction mode. On the other hand, while the existing transaction mode addresses the issue of lower efficiency, intelligent management is receiving less attention although it has a greater number of problems. Through the analysis of both the characteristics of electricity market transactions and the law of transaction development, the use of a multistage intelligent bidding trading model can effectively solve the problems associated with electricity market transactions. In the first stage, in particular, the centralized bidding model solves the problems of large volumes and numerous trading entities. In the second stage, a method of listing and bidding is adopted to increase the volume of market transactions and the competitiveness, and gives full play to the role of the market in resource allocation. The whole process is open and transparent, real-time publication in the form of data, which reflects the fairness of the transaction, and increases the market participants’ willingness to participate in market behavior.

Keywords: Electricity trading market; Double bidding; Electricity trading characteristics, Intelligent mode design

Cite As

Y. Li, C. Luo, Y. Xu, H. Yu, "Intelligent Mode Design for the Electricity Market Based on Compound
Bidding Matchmaking", vol. 30 no. 5, pp. 407-412, 2022.




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Published

2022-09-01

Issue

Vol. 30 No. 5 (2022): International Journal of Engineering Intelligent Systems

Section

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