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A MULTI-LEVEL ELECTRICITY MARKET APPROACH

Fu S

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Abstract

In this paper a multi level electricity market approach is presented.In this approach one regional electricity market and several provincial electricity markets may co exist and operate in coordination. It has been shown that if a unified MCP is used in all provincial electricity markets, same effect as the centralized model can be achieved, and both the sending provinces and receiving provinces would be benefited. A simplified numerical example is attached.

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What this paper is about

In this paper a multi level electricity market approach is presented.In this approach one regional electricity market and several provincial electricity markets may co exist and operate in coordination. It has been shown that if a unified MCP is used in all provincial electricity markets, same effect as the centralized model can be achieved, and both the sending provinces and receiving provinces would be benefited. A simplified numerical example is attached.

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Available abstract

In this paper a multi level electricity market approach is presented.In this approach one regional electricity market and several provincial electricity markets may co exist and operate in coordination. It has been shown that if a unified MCP is used in all provincial electricity markets, same effect as the centralized model can be achieved, and both the sending provinces and receiving provinces would be benefited. A simplified numerical example is attached.

Key concepts: Electricity, Electricity market, Electricity retailing, Business, Industrial organization, Electricity system, Electricity generation, Stand-alone power system

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