The Regulation Mechanism of Electricity Market on Load Side Resources Based on the Economic Person Hypothesis
In order to make full use of the load-side regulation capacity, it is necessary to conduct an in-depth research on the regulation mechanism of the market-oriented mechanism on the load side. Based on the different regulatory purposes and signal sources for different types of loads in the market, the...
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| Format: | Article |
| Language: | zho |
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State Grid Energy Research Institute
2024-03-01
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| Series: | Zhongguo dianli |
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| Online Access: | https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202309108 |
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| author | Zhiyuan GAO Weijin ZHUANG Jian GENG Feng LI Bike XUE Xiaolei YANG Keju BAI |
| author_facet | Zhiyuan GAO Weijin ZHUANG Jian GENG Feng LI Bike XUE Xiaolei YANG Keju BAI |
| author_sort | Zhiyuan GAO |
| collection | DOAJ |
| description | In order to make full use of the load-side regulation capacity, it is necessary to conduct an in-depth research on the regulation mechanism of the market-oriented mechanism on the load side. Based on the different regulatory purposes and signal sources for different types of loads in the market, the market-oriented regulatory role is generally divided into two categories: electricity price regulation and interactive regulation. Based on the assumption of economic man in classical economics, the mechanisms of electricity price regulation and interactive regulation for different types of loads are studied in terms of cost, benefits, and other factors. Furthermore, the differences and connections between electricity price regulation and interactive regulation are qualitatively analyzed and quantitatively compared. Case study results show that the electricity price regulation always works as ordinary market through pursuit of surplus maximization on the load side, and the interactive regulation is a kind of market-oriented tool that market operators use on demand to pursue social welfare maximization, and the action mechanism of the two is quite different, but also interrelated. |
| format | Article |
| id | doaj-art-4dee58350bd546ff804bdaf4be10b784 |
| institution | DOAJ |
| issn | 1004-9649 |
| language | zho |
| publishDate | 2024-03-01 |
| publisher | State Grid Energy Research Institute |
| record_format | Article |
| series | Zhongguo dianli |
| spelling | doaj-art-4dee58350bd546ff804bdaf4be10b7842025-08-20T02:58:50ZzhoState Grid Energy Research InstituteZhongguo dianli1004-96492024-03-0157321322310.11930/j.issn.1004-9649.202309108zgdl-57-02-gaozhiyuanThe Regulation Mechanism of Electricity Market on Load Side Resources Based on the Economic Person HypothesisZhiyuan GAO0Weijin ZHUANG1Jian GENG2Feng LI3Bike XUE4Xiaolei YANG5Keju BAI6China Electric Power Research Institute (Nanjing), Nanjing 210003, ChinaChina Electric Power Research Institute (Nanjing), Nanjing 210003, ChinaChina Electric Power Research Institute (Nanjing), Nanjing 210003, ChinaChina Electric Power Research Institute (Nanjing), Nanjing 210003, ChinaChina Electric Power Research Institute (Nanjing), Nanjing 210003, ChinaState Grid Jiaxing Power Supply Company, Jiaxing 314000, ChinaCollege of Mechanical & Electrical Engineering, Shaanxi University of Science & Technology, Xi'an 710016, ChinaIn order to make full use of the load-side regulation capacity, it is necessary to conduct an in-depth research on the regulation mechanism of the market-oriented mechanism on the load side. Based on the different regulatory purposes and signal sources for different types of loads in the market, the market-oriented regulatory role is generally divided into two categories: electricity price regulation and interactive regulation. Based on the assumption of economic man in classical economics, the mechanisms of electricity price regulation and interactive regulation for different types of loads are studied in terms of cost, benefits, and other factors. Furthermore, the differences and connections between electricity price regulation and interactive regulation are qualitatively analyzed and quantitatively compared. Case study results show that the electricity price regulation always works as ordinary market through pursuit of surplus maximization on the load side, and the interactive regulation is a kind of market-oriented tool that market operators use on demand to pursue social welfare maximization, and the action mechanism of the two is quite different, but also interrelated.https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202309108electricity marketeconomic person hypothesisadjustable loadsdemands responseelectricity price regulationinteractive regulation |
| spellingShingle | Zhiyuan GAO Weijin ZHUANG Jian GENG Feng LI Bike XUE Xiaolei YANG Keju BAI The Regulation Mechanism of Electricity Market on Load Side Resources Based on the Economic Person Hypothesis Zhongguo dianli electricity market economic person hypothesis adjustable loads demands response electricity price regulation interactive regulation |
| title | The Regulation Mechanism of Electricity Market on Load Side Resources Based on the Economic Person Hypothesis |
| title_full | The Regulation Mechanism of Electricity Market on Load Side Resources Based on the Economic Person Hypothesis |
| title_fullStr | The Regulation Mechanism of Electricity Market on Load Side Resources Based on the Economic Person Hypothesis |
| title_full_unstemmed | The Regulation Mechanism of Electricity Market on Load Side Resources Based on the Economic Person Hypothesis |
| title_short | The Regulation Mechanism of Electricity Market on Load Side Resources Based on the Economic Person Hypothesis |
| title_sort | regulation mechanism of electricity market on load side resources based on the economic person hypothesis |
| topic | electricity market economic person hypothesis adjustable loads demands response electricity price regulation interactive regulation |
| url | https://www.electricpower.com.cn/CN/10.11930/j.issn.1004-9649.202309108 |
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