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SPOT MARKET OPERATION MODES

Wang Yongfu, Zhang Boming, Sun Hongbin (Tsinghua University, Beijing 100084, China)  
The spot market has been an important part of the revolution of the power system in China. It is important to protect the security of power system in the power market environment. In this paper, the model and algorithm of bidding, trading, congestion management in spot market are analyzed and studied. Then the bidding rules based on the capacity and the adjustment of generation are presented, Furthermore,a method of congestion management, combined with the prize zone and the spot price, is introduced to be suited to the multi layer power market in future in China. In view of the above, a spot market operation mode is designed, and a spot market operation system(SMOS) is realized based on this mode.
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