Z. Gao, Z. Ren, Z. Li, and R. Zhu (PRC)
Electricity market, peak regulation right, peak regulation capacity, transaction mechanism
The concept of peak regulation right and the corresponding transaction mechanism are presented in this paper. The new market gives the units a chance to exchange the their adjustable capacity and get rational profit. In this way, it also encourages the units to join peak-regulation when needed. Generating costs before and after transaction are compared and proved to decrease. The research results illustrate that the purpose of decreasing the peak-to-valley ratio can be reached by transacting the peak regulation capacity before the active power auction. Generating cost of the units and the expenditure of the whole market are reduced with less stoppage. Case study shows that the mechanism is effective and feasible.
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