Multi-level power market system research and development passed appraisal

China Energy Storage Network News: On February 19, the Chinese Society of Electrical Engineering organized an appraisal meeting for the key scientific research results of "Basic Theory, Key Technology and System R&D of Multi-level Unified Electricity Market" jointly completed by Beijing Power Exchange Co., Ltd., Beijing Kedong Electric Power Control System Co., Ltd., China Electric Power Research Institute Co., Ltd. and other units through a combination of "online + offline" methods.

Experts unanimously agreed that the project has achieved a series of innovative results with independent intellectual property rights, proposed a top-level design for a multi-level unified electricity market, mastered key technologies such as electricity market clearing and settlement, developed a unified electricity market trading system with a new architecture, and promoted its application at the headquarters of State Grid Corporation of China and 27 provincial power companies, reaching an international leading level in this field overall.

Beijing Electric Power Exchange Co., Ltd. led the project team to adopt the "industry-university-research-application" collaborative research model, relying on three national key plans and natural science foundation projects such as "Basic Theory of Planning, Operation and Trading of Energy Internet", nine State Grid Corporation of China scientific and technological projects such as "Research on Power Trading Cloud Platform Architecture and Key Support Technologies", and three State Grid Corporation of China information projects such as "New Generation Power Trading System-Design and Development". The team has devoted itself to research and development and overcome difficulties, focusing on the basic theory and top-level design of the unified power market with Chinese characteristics, key technology research such as large-scale market clearing and settlement, and new generation power trading system engineering research and development and application. A series of major breakthroughs have been made: the theoretical methods, market models and evolution mechanisms of the multi-level unified power market have been proposed; the market clearing technology that adapts to the diversified trading needs of large-scale AC/DC hybrid power grids has been conquered; the atomic settlement technology that adapts to complex rules, cross-market coupling settlement and full-caliber calculation has been developed; the world's first new generation power trading system integrating "cloud-platform-chain-intelligence" has been built, which fully supports the efficient and coordinated operation of my country's multi-level unified power market. (Xing Tonglin Zhang Xian)