Design of auxiliary service market mechanism to enhance power system flexibility

Ting Zhou; Yudong Tan; Jin Sun; Ming Wen; Jing Liao; Yang Li

doi:10.1117/12.3032254

19 June 2024 Design of auxiliary service market mechanism to enhance power system flexibility

Ting Zhou, Yudong Tan, Jin Sun, Ming Wen, Jing Liao, Yang Li

Proceedings Volume 13172, Ninth International Symposium on Energy Science and Chemical Engineering (ISESCE 2024) ; 131720N (2024) https://doi.org/10.1117/12.3032254
Event: 9th International Symposium on Energy Science and Chemical Engineering, 2024, Nanjing, China

Abstract

At present, some provinces and regions in China have established compensation and allocation mechanisms for auxiliary services of peak regulation and frequency modulation, which have played a certain role in promoting clean energy consumption. However, with the further liberalization of the power generation plan and the continuous deepening of the spot market construction pilot, the compensation and allocation mechanism of auxiliary services under the original plan mode has been difficult to meet the needs of the power market construction, and there is a certain lack of connection between peak regulation and the spot market. It is urgent to coordinate and promote the construction of auxiliary service market and spot power energy market. Establish and improve the auxiliary service market system and trading mechanism, and give full play to the decisive role of the market mechanism in guiding the optimal allocation of power resources and reflecting the value of different power resources.

(2024) Published by SPIE. Downloading of the abstract is permitted for personal use only.

Citation Download Citation

Ting Zhou, Yudong Tan, Jin Sun, Ming Wen, Jing Liao, and Yang Li "Design of auxiliary service market mechanism to enhance power system flexibility", Proc. SPIE 13172, Ninth International Symposium on Energy Science and Chemical Engineering (ISESCE 2024) , 131720N (19 June 2024); https://doi.org/10.1117/12.3032254

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