GUAN Li,ZHOU Lei,LIU Bingqi,et al.Analysis and Enlightenment of Long-time-scale Negative Electricity Prices in Shandong Electricity Spot Market of China During “May Day” Holiday[J].Automation of Electric Power Systems,2024,48(14):1-7.
GUAN Li,ZHOU Lei,LIU Bingqi,et al.Analysis and Enlightenment of Long-time-scale Negative Electricity Prices in Shandong Electricity Spot Market of China During “May Day” Holiday[J].Automation of Electric Power Systems,2024,48(14):1-7. DOI: 10.7500/AEPS20230906002.
Analysis and Enlightenment of Long-time-scale Negative Electricity Prices in Shandong Electricity Spot Market of China During “May Day” Holiday
Negative electricity price is a new phenomenon that occurs in power systems with a high proportion of renewable energy. Focusing on the phenomenon of long-time-scale negative electricity prices in the Shandong electricity spot market of China during the “May Day” holiday
considering the operation characteristics of Shandong power system of China
market clearing and pricing models
the formation mechanism of negative electricity prices
as well as the impact of the negative electricity price on the benefits and electricity purchasing costs of coal-fired power units
renewable energy
and power consumers
are comprehensively analyzed from the various factors such as supply-demand relation
participants
bidding. The analysis results show that the long-time-scale negative electricity price in Shandong province of China reflects the relationship of whole supply exceeding demand and the impact of renewable energy consumption demand on the market price. At the same time
in conjunction with the medium- and long-term contract for difference mechanism
the negative electricity price has a limited impact on the economic benefits of the market participants on both power generation and consumption sides. On this basis
some relevant suggestions are put forward to improve the design of electricity market mechanisms.
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references
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