Review of Information Disclosure in Different Electricity Markets

• Published in: Energies (Basel) Vol. 11; no. 12; p. 3424
• Main Authors: Yang, Yang, Bao, Minglei, Ding, Yi, Song, Yonghua, Lin, Zhenzhi, Shao, Changzheng
• Format: Journal Article
• Language: English
• Published: Basel MDPI AG 01.12.2018
• Subjects: Ancillary services; Balancing; bilateral contract model; Clean technology; Computer engineering; Costs; Design; Distributed generation; Efficiency; Electricity; Electricity distribution; electricity market; Energy industry; Energy management; Energy resources; Energy sources; hybrid model; information disclosure; Information systems; Market prices; poolco model; Power flow; Transparency; United Kingdom > UK; Norway; China; Macao
• ISSN: 1996-1073; 1996-1073
• DOI: 10.3390/en11123424

Electricity markets have been established in many countries of the world. Electricity and services are traded in the competitive environment of electricity markets, which generates a large amount of information during the operation process. To maintain transparency and foster competition of electricity markets, timely and precise information regarding the operation of electricity market should be disclosed to the market participants through a centralized and authorized information disclosure mechanism. However, the information disclosure mechanism varies greatly in electricity markets because of different market models and transaction methods. This paper reviews information disclosure mechanisms of several typical electricity markets with the poolco model, bilateral contract model, and hybrid model. The disclosed information and clearing models in these markets are summarized to provide an overview of the present information disclosure mechanisms in typical deregulated power systems worldwide. Moreover, the various experiences for establishing an efficient information disclosure mechanism is summarized and discussed.