ANALYSIS OF THE ONE PRICE AND TWO PRICE MECHANISM IN BALANCING MARKET

  • Thân Thành Đạt
  • Lê Hồng Lâm
Keywords: One-price, two-price, balancing market, renewable energy, electricity market operation.

Abstract

Vietnam is one of the countries directly affected by climate change, so
Vietnamese policies always give priority to promoting the development of
renewable energy. In addition to the economic and environmental benefits of
using renewable energy, the integration of renewable energy into the grid has
led to a decrease in system security and reliability due to its instability and
difficulty energy source prediction. The Vietnamese electricity market needs a
market that is able to address the persistent capacity imbalances caused by
renewable energy. Building the balancing market will contribute to reducing the
impact of renewable energy on the power system and help optimize operating
costs to balance capacity. The purpose of this paper is to focus on building a
mathematical model for the balancing market based on linear problem (LP).
Next, the paper analyzes the one price and two price mechanism in the balancing
market. From the results obtained, the article proposes a direction to build a
balancing market in Vietnam at present and in the future.

điểm /   đánh giá
Published
2023-04-28
Section
RESEARCH AND DEVELOPMENT