气候变化领域集成服务门户(CCPortal): Imbalance settlement evaluation for China's balancing market design via an agent-based model with a multiple criteria decision analysis method

CCPortal

DOI	10.1016/j.enpol.2020.111297
	Imbalance settlement evaluation for China's balancing market design via an agent-based model with a multiple criteria decision analysis method
	Wu Z.; Zhou M.; Zhang T.; Li G.; Zhang Y.; Liu X.
发表日期	2020
ISSN	0301-4215
卷号	139
英文摘要	Constructing spot markets is the core objective of the new round of electricity market reform kicked off in 2015 in China. A balancing market, as a critical part of a spot market, is an institutional arrangement that deals with balancing electricity demand and supply. Imbalance settlement provides a mechanism for settling the inevitable discrepancies between contractual agreements and physical delivery. Large proportions of long-term non-financially contracted electricity and a high share of renewable generation represent specific market situations in China and make balancing market operation and relevant imbalance settlement more difficult. This paper aims to investigate the effect of imbalance settlement design and exploit an effective evaluation method. An investigation model combining the methods of agent-based modelling (ABM) and multiple criteria decision analysis (MCDA) is proposed to search for the optimal design elements for China's imbalance settlement. Different tolerance margins, Programme Time Units (PTUs) and imbalance pricing mechanisms in imbalance settlement design are analysed. The impacts of imbalance settlement on the behaviour of market participants and overall market are revealed. Finally, corresponding policy implications for imbalance settlement in China's balancing market are put forward. The proposed model also offers a tool for evaluating other design elements in a balancing market. © 2020 Elsevier Ltd
英文关键词	Agent-based modelling; Balancing market; Imbalance settlement design; Multiple criteria decision analysis
学科领域	Autonomous agents; Computational methods; Decision making; Decision theory; Design; Operations research; Power markets; Public policy; Simulation platform; Agent-based modelling; Balancing market; Contractual agreements; Electricity market reforms; Institutional arrangement; Multiple criteria decision analysis; Policy implications; Renewable generation; Commerce; decision making; energy market; energy policy; multicriteria analysis; numerical model; policy implementation; China
语种	英语
scopus关键词	Autonomous agents; Computational methods; Decision making; Decision theory; Design; Operations research; Power markets; Public policy; Simulation platform; Agent-based modelling; Balancing market; Contractual agreements; Electricity market reforms; Institutional arrangement; Multiple criteria decision analysis; Policy implications; Renewable generation; Commerce; decision making; energy market; energy policy; multicriteria analysis; numerical model; policy implementation; China
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/118098
作者单位	State Key Laboratory of Alternate Electrical Power System with Renewable Energy Sources, North China Electric Power University, Changping District, Beijing, 102206, China; Beijing Key Laboratory of New Energy and Low-Carbon Development, North China Electric Power University, Changping, Beijing, 102206, China; State Grid Beijing Electric Power Company, Xicheng District, Beijing, 100031, China
推荐引用方式 GB/T 7714	Wu Z.,Zhou M.,Zhang T.,et al. Imbalance settlement evaluation for China's balancing market design via an agent-based model with a multiple criteria decision analysis method[J],2020,139.
APA	Wu Z.,Zhou M.,Zhang T.,Li G.,Zhang Y.,&Liu X..(2020).Imbalance settlement evaluation for China's balancing market design via an agent-based model with a multiple criteria decision analysis method.Energy Policy,139.
MLA	Wu Z.,et al."Imbalance settlement evaluation for China's balancing market design via an agent-based model with a multiple criteria decision analysis method".Energy Policy 139(2020).