Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)

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The Enlightenment of US Demand Side Response Participating in PJM Market Trading Mechanism for China

Authors
Jian Zuo1, *, Bo Bao1, Xiangzhen He1, Yun Yang1, Lian Tu1, Shuiping Zhang1, Minjing Yang1, Yixing Chen1, Yulin Dong2, *, Xuanli Lan2, *
1Southern Power Grid, Power Dispatch and Control Center of Guangdong Power Grid Co., Ltd, Guangzhou, 510600, China
2Beijing Tsintergy Technology Co., Ltd, Beijing, 100089, China
*Corresponding author. Email: zuojian@alumni.hust.edu.cn
*Corresponding author. Email: dongyl@tsintergy.com.cn
*Corresponding author. Email: lanxl@tsintergy.com
Corresponding Authors
Jian Zuo, Yulin Dong, Xuanli Lan
Available Online 10 August 2023.
DOI
10.2991/978-94-6463-198-2_53How to use a DOI?
Keywords
Demand-side response; power balance; spot market
Abstract

The basic idea of demand response originates from comprehensive resource planning, which equates the controllable energy demand on the user side with the supply side resources, and integrates it into the category of resource planning and utilization. It enhances the energy utilization efficiency, improves the adjustment ability of supply and demand balance, and improves the comprehensive optimal allocation level of resources. In order to solve the problem of power balance in real-time operation, reduce power consumption and improve economy, the United States completely solves it through a perfect electricity market model. However, Chinese electricity market is in a market mode of transition from medium-and long-term electricity market to medium-and long-term trading and spot trading. In view of the above situation, this paper combs the mechanisms and methods of demand response to participate in electric energy, reserve and FM auxiliary services, and capacity market trading in the American PJM market environment, analyzes the principles, and combines the actual situation of the construction of China's spot market. This paper analyzes the enlightenment of the application of the demand response market mechanism in the United States, and puts forward some suggestions on the demand response mechanism suitable for China, so as to provide reference for the research and application of user-side participation in market transactions under the spot market framework.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
Series
Atlantis Highlights in Computer Sciences
Publication Date
10 August 2023
ISBN
978-94-6463-198-2
ISSN
2589-4900
DOI
10.2991/978-94-6463-198-2_53How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Jian Zuo
AU  - Bo Bao
AU  - Xiangzhen He
AU  - Yun Yang
AU  - Lian Tu
AU  - Shuiping Zhang
AU  - Minjing Yang
AU  - Yixing Chen
AU  - Yulin Dong
AU  - Xuanli Lan
PY  - 2023
DA  - 2023/08/10
TI  - The Enlightenment of US Demand Side Response Participating in PJM Market Trading Mechanism for China
BT  - Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
PB  - Atlantis Press
SP  - 513
EP  - 522
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-198-2_53
DO  - 10.2991/978-94-6463-198-2_53
ID  - Zuo2023
ER  -