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A NOVEL MODEL FOR RESTRUCTURING OF ELECTRIC POWER INDUSTRY IN CHINA

Shen Yu. Xia Qing. Kang Chongqing (Tsinghua University, Beijing 100084, China)  
Pow er system operation is facing great challenges due to the electricity supply industry restructuring. Brand new m easures should be introduced to survey allthe aspects ofelectric pow erindustry. With the status quo in China taken into account, an im proved poolm odelispresented. Som em arketssuch asforw ard energy m arket, ancillary services m arket, real- tim e balance m arket and futures m arket, are coordinated to ensure thatpower system operates in security and econom y and that all m arket participants com pete effectively. Som e significant changes are also introduced into the m odel of trade planning. Besides, real-tim e balance m arketm echanism is successfully applied to the congestion m anagem ent.
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