Mechanism Design of China Ancillary Service Market Considering Provincial and Inter-Provincial Market Characteristics

Abstract

With the future large-scale access of renewable energy, the electric power system will accelerate the development in the direction of clean and low carbon, especially under a high proportion of renewable energy electric power system, the structure and layout of China’s electric power production has been deeply adjusted. Thus, the balance situation of the power quantity is more complex, the risk of failure chain reaction caused by the simple accident increases greatly. Moreover, with the increase demand for flexible resources in power system, the importance of thermal power plant as well as ancillary service market is highlighted. Considering the difference between provincial and inter-provincial market, an overall mechanism design of China ancillary service market is put forward