Study On Trading Theory For Operating Reserve Market In China

From the end of the last century, there is a tidal wave of the reform of power market in the world, whose objective is to break the monopoly, set up the competitive market, and increase the efficient of the power supply. To adapt to this situation, our state carries through a systematic test in the power market. How to insure the security and the reliability of the power system and how to use the market mechanism to realize the market law--to be just, open and right, become the key issues.A framework for enduring power system securing in competitive electricity market is developed, based on a market for operating reserve capacity in this paper. Aimed at the power market rules, analyzed the benefits and costs of spinning reserve capacity, a trade model and software would be developed. The approach is demonstrated for operating reserve capacity of a power system.