A Spot Transactions Model Considering New Energy Consumption in Complete Electricity Market

Abstract

Abstract With the promotion of the market-oriented reform of China’s electric power industry, carrying out day-ahead market transactions has become an important way to promote new energy wind power consumption. This paper designs a day-ahead market transaction and settlement model considering various energy trading modes and new energy consumption, and puts forward a method based on wind power absorption, combining medium-term and long-term contract power with day-ahead transaction. In order to deal with the uncertainty of wind power, a multi-scenario probability model is adopted, and scenario subtraction method is used in the basic model. For China’s electricity market in the medium and long term, the transition from electricity trading market to spot market provides analytical tools and methodological guidance.