NEXT-GENERATION ENERGY MARKET DESIGN AND IMPLEMENTATION

摘要

A process/method is provided for the next generation of electricity marketsystems thatsupport competitive trading of electric energy and ancillary services withinday-ahead and real-time market operation frameworks. The invention comprises the systems andmethods related toadvances in electricity market architecture, functionality, and performance.The systems andmethods of the invention ensure system operation reliability and maximizemarket economicefficiency of energy and ancillary services trading in competitive marketenvironment.A process/method comprising optimal clearing and competitive price formationfor avariety of market commodities that are supplied and consumed by a numerousmarket entities ofa variety of types. The solution process is arranged and facilitated incontrollable and efficientmanner.