Study on Electricity Settlement Mechanism Considering Competitiveness of Electricity Markets

[1]Lu, J., Wu, S., Cheng, H., Song, B., & Xiang, Z. (2021). Smart contract for electricity transactions and charge settlements using blockchain. Applied stochastic models in business and industry, 37(3), 442-453. LuJ., WuS., ChengH., SongB. & XiangZ. (2021). Smart contract for electricity transactions and charge settlements using blockchain. Applied stochastic models in business and industry, 37(3), 442-453.Search in Google Scholar

[2]Cai, T., Dong, M., Chen, K., & Gong, T. (2022). Methods of participating power spot market bidding and settlement for renewable energy systems. Energy Reports, 8, 7764-7772. CaiT., DongM., ChenK. & GongT. (2022). Methods of participating power spot market bidding and settlement for renewable energy systems. Energy Reports, 8, 7764-7772.Search in Google Scholar

[3]Chauhan, R. K., Maurya, S. K., Kumar, N., & Chauhan, D. S. (2024). Effect of linking of deviation settlement mechanism for over-drawl and under-drawl of power with market clearing price. Electrical Engineering, 106(2), 1907-1923. ChauhanR. K., MauryaS. K., KumarN. & ChauhanD. S. (2024). Effect of linking of deviation settlement mechanism for over-drawl and under-drawl of power with market clearing price. Electrical Engineering, 106(2), 1907-1923.Search in Google Scholar

[4]Liu, J., Wang, J., & Cardinal, J. (2022). Evolution and reform of UK electricity market. Renewable and Sustainable Energy Reviews, 161, 112317. LiuJ., WangJ. & CardinalJ. (2022). Evolution and reform of UK electricity market. Renewable and Sustainable Energy Reviews, 161, 112317.Search in Google Scholar

[5]Shizhi, H. E., Xianglu, H. E., Suhua, L. O. U., Zhiyong, L. I., Ziyu, C. H. E. N., Huijie, G. U., & Qingbiao, L. I. N. (2022). Key Monitoring Indicators and Market Power Analysis in” Monthly Settlement” Trial Operation of Southern China Electricity Spot Market (Starting With Guangdong Province). Power System Technology, 47(1), 175-184. ShizhiH. E., XiangluH. E., SuhuaL. O. U., ZhiyongL. I., ZiyuC. H. E. N., HuijieG. U. & QingbiaoL. I. N. (2022). Key Monitoring Indicators and Market Power Analysis in” Monthly Settlement” Trial Operation of Southern China Electricity Spot Market (Starting With Guangdong Province). Power System Technology, 47(1), 175-184.Search in Google Scholar

[6]Koul, B., Singh, K., & Brar, Y. S. (2022). Deviation settlement mechanism and its implementation in Indian electricity grid. In Machine Learning, Advances in Computing, Renewable Energy and Communication: Proceedings of MARC 2020 (pp. 237-246). Springer Singapore. KoulB., SinghK. & BrarY. S. (2022). Deviation settlement mechanism and its implementation in Indian electricity grid. In Machine Learning, Advances in Computing, Renewable Energy and Communication: Proceedings of MARC 2020 (pp. 237-246). Springer Singapore.Search in Google Scholar

[7]Ribeiro, F. J., Lopes, J. A. P., Soares, F. J., & Madureira, A. G. (2024). A novel TSO settlement scheme for the Frequency Containment Reserve Cooperation in Europe’s integrated electricity market. Utilities Policy, 91, 101821. RibeiroF. J., LopesJ. A. P., SoaresF. J. & MadureiraA. G. (2024). A novel TSO settlement scheme for the Frequency Containment Reserve Cooperation in Europe’s integrated electricity market. Utilities Policy, 91, 101821.Search in Google Scholar

[8]Feng, Q., Dong, X., & Jinghua, W. (2023). Multi-interval settlement system of rolling-horizon scheduling for electricity spot market. Frontiers in Energy Research, 11, 1170138. FengQ., DongX. & JinghuaW. (2023). Multi-interval settlement system of rolling-horizon scheduling for electricity spot market. Frontiers in Energy Research, 11, 1170138.Search in Google Scholar

[9]Yang, Y., Bao, M., Ding, Y., Song, Y., Lin, Z., & Shao, C. (2018). Review of information disclosure in different electricity markets. Energies, 11(12), 3424. YangY., BaoM., DingY., SongY., LinZ. & ShaoC. (2018). Review of information disclosure in different electricity markets. Energies, 11(12), 3424.Search in Google Scholar

[10]Wang, J., & Hu, G. (2024). Game-Based Optimal Aggregation of Energy Prosumer Community With Mixed-Pricing Scheme in Two-Settlement Electricity Market. IEEE Transactions on Automation Science and Engineering. WangJ. & HuG. (2024). Game-Based Optimal Aggregation of Energy Prosumer Community With Mixed-Pricing Scheme in Two-Settlement Electricity Market. IEEE Transactions on Automation Science and Engineering.Search in Google Scholar

[11]Csereklyei, Z., & Khezr, P. (2024). How do changes in settlement periods affect wholesale market prices? Evidence from Australia’s National Electricity Market. Energy Economics, 132, 107425. CsereklyeiZ. & KhezrP. (2024). How do changes in settlement periods affect wholesale market prices? Evidence from Australia’s National Electricity Market. Energy Economics, 132, 107425.Search in Google Scholar

[12]Ucheniya, R., Saraswat, A., Siddiqui, S. A., Goyal, S. K., Alotaibi, M. A., Malik, H., & Márquez, F. P. G. (2024). A multi-objective stochastic framework for coupled reactive power and energy market settlement for wind energy integrated system. IEEE Access. UcheniyaR., SaraswatA., SiddiquiS. A., GoyalS. K., AlotaibiM. A., MalikH. & MárquezF. P. G. (2024). A multi-objective stochastic framework for coupled reactive power and energy market settlement for wind energy integrated system. IEEE Access.Search in Google Scholar

[13]NIU, Y., JIANG, M., YE, Z., YE, S., & ZHANG, X. (2024). Regional medium and long-term unified market clearing and settlement mechanism design considering inter-provincial barriers. Journal of Electric Power Science and Technology, 38(6), 34-44. NIUY., JIANGM., YEZ., YES. & ZHANGX. (2024). Regional medium and long-term unified market clearing and settlement mechanism design considering inter-provincial barriers. Journal of Electric Power Science and Technology, 38(6), 34-44.Search in Google Scholar

[14]Gupta, M., Gupta, S., & Thakur, T. (2019). Implementation of new electricity regulatory norms for deviation settlement mechanism: A case study of India. Cogent Engineering, 6(1), 1623152. GuptaM., GuptaS. & ThakurT. (2019). Implementation of new electricity regulatory norms for deviation settlement mechanism: A case study of India. Cogent Engineering, 6(1), 1623152.Search in Google Scholar

[15]Wang, H., Cai, X., Lu, X., Yang, Z., Dong, J., Ma, Y., & Yang, J. (2023). A novel load-side settlement mechanism based on carbon emission flow in electricity spot market. Energy Reports, 9, 1057-1065. WangH., CaiX., LuX., YangZ., DongJ., MaY. & YangJ. (2023). A novel load-side settlement mechanism based on carbon emission flow in electricity spot market. Energy Reports, 9, 1057-1065.Search in Google Scholar

[16]Silva-Rodriguez, L., Sanjab, A., Fumagalli, E., Virag, A., & Gibescu, M. (2022). Short term wholesale electricity market designs: A review of identified challenges and promising solutions. Renewable and Sustainable Energy Reviews, 160, 112228. Silva-RodriguezL., SanjabA., FumagalliE., ViragA. & GibescuM. (2022). Short term wholesale electricity market designs: A review of identified challenges and promising solutions. Renewable and Sustainable Energy Reviews, 160, 112228.Search in Google Scholar

[17]Xu, X., Zhe, Z., Le, Y., Ke, Q., Yanbin, L., & Xi, C. (2024, February). Design of Multi-Market Electricity Full Transaction Settlement Platform Under the Background of Spot Market. In 2024 IEEE 3rd International Conference on Electrical Engineering, Big Data and Algorithms (EEBDA) (pp. 1-7). IEEE. XuX., ZheZ., LeY., KeQ., YanbinL. & XiC. (2024, February). Design of Multi-Market Electricity Full Transaction Settlement Platform Under the Background of Spot Market. In 2024 IEEE 3rd International Conference on Electrical Engineering, Big Data and Algorithms (EEBDA) (pp. 1-7). IEEE.Search in Google Scholar

[18]Mukherjee, M., Hardy, T., Fuller, J. C., & Bose, A. (2022). Implementing multi-settlement decentralized electricity market design for transactive communities with imperfect communication. Applied Energy, 306, 117979. MukherjeeM., HardyT., FullerJ. C. & BoseA. (2022). Implementing multi-settlement decentralized electricity market design for transactive communities with imperfect communication. Applied Energy, 306, 117979.Search in Google Scholar

[19]Tang, C., & Zhang, F. (2020, May). Study on the connection and settlement of forward electricity market and spot electricity market. In IOP Conference Series: Earth and Environmental Science (Vol. 508, No. 1, p. 012061). IOP Publishing. TangC. & ZhangF. (2020, May). Study on the connection and settlement of forward electricity market and spot electricity market. In IOP Conference Series: Earth and Environmental Science (Vol. 508, No. 1, p. 012061). IOP Publishing.Search in Google Scholar

[20]Alshehri, K., Bose, S., & Başar, T. (2017). Cash-settled options for wholesale electricity markets. IFAC-PapersOnLine, 50(1), 13605-13611. AlshehriK., BoseS. & BaşarT. (2017). Cash-settled options for wholesale electricity markets. IFAC-PapersOnLine, 50(1), 13605-13611.Search in Google Scholar

[21]Motamedisedeh, O., Ostadi, B., Zagia, F., & Kashan, A. H. (2022). A novel optimization model for biding in the deregulated power market with pay as a bid settlement mechanism, based on the stochastic market clearing price. Electric Power Systems Research, 210, 108122. MotamedisedehO., OstadiB., ZagiaF. & KashanA. H. (2022). A novel optimization model for biding in the deregulated power market with pay as a bid settlement mechanism, based on the stochastic market clearing price. Electric Power Systems Research, 210, 108122.Search in Google Scholar

[22]Garcia, M. J., Nudell, T. R., & Annaswamy, A. M. (2017, May). A dynamic regulation market mechanism for improved financial settlements in wholesale electricity markets. In 2017 American Control Conference (ACC) (pp. 1425-1430). IEEE. GarciaM. J., NudellT. R. & AnnaswamyA. M. (2017, May). A dynamic regulation market mechanism for improved financial settlements in wholesale electricity markets. In 2017 American Control Conference (ACC) (pp. 1425-1430). IEEE.Search in Google Scholar

[23]Zhang, Z., Jiang, Y., Lin, Z., Wen, F., Ding, Y., Yang, L., ... & He, C. (2019). Optimal alliance strategies among retailers under energy deviation settlement mechanism in China’s forward electricity market. IEEE Transactions on Power Systems, 35(3), 2059-2071. ZhangZ., JiangY., LinZ., WenF., DingY., YangL. ... & HeC. (2019). Optimal alliance strategies among retailers under energy deviation settlement mechanism in China’s forward electricity market. IEEE Transactions on Power Systems, 35(3), 2059-2071.Search in Google Scholar

[24]Wang, M., Song, Y., Sui, B., Wu, H., Zhu, J., Jing, Z., & Rong, Y. (2022). Comparative study of pricing mechanisms and settlement methods in electricity spot energy market based on multi-agent simulation. Energy Reports, 8, 1172-1182. WangM., SongY., SuiB., WuH., ZhuJ., JingZ. & RongY. (2022). Comparative study of pricing mechanisms and settlement methods in electricity spot energy market based on multi-agent simulation. Energy Reports, 8, 1172-1182.Search in Google Scholar

[25]Zhang, L., Chen, S., Zhou, Y., Zhang, H., & Li, Y. (2023, May). Research on the trading settlement mechanism of electricity market. In Second International Conference on Algorithms, Microchips, and Network Applications (AMNA 2023) (Vol. 12635, pp. 219-224). SPIE. ZhangL., ChenS., ZhouY., ZhangH. & LiY. (2023, May). Research on the trading settlement mechanism of electricity market. In Second International Conference on Algorithms, Microchips, and Network Applications (AMNA 2023) (Vol. 12635, pp. 219-224). SPIE.Search in Google Scholar

[26]Cheng, D., Zhang, X., Li, Y., Zhu, L., Tang, L., Ye, X., & Xu, W. (2022, December). Research on the Settlement Mechanism of Electricity Market Considering Imbalance Funds. In 2022 2nd International Conference on Electrical Engineering and Control Science (IC2ECS) (pp. 196-199). IEEE. ChengD., ZhangX., LiY., ZhuL., TangL., YeX. & XuW. (2022, December). Research on the Settlement Mechanism of Electricity Market Considering Imbalance Funds. In 2022 2nd International Conference on Electrical Engineering and Control Science (IC2ECS) (pp. 196-199). IEEE.Search in Google Scholar

[27]Mendes, A. L. S., de Castro, N., Brandão, R., Câmara, L., & Moszkowicz, M. (2016, June). The role of imbalance settlement mechanisms in electricity markets: A comparative analysis between UK and Brazil. In 2016 13th International Conference on the European Energy Market (EEM) (pp. 1-6). IEEE. MendesA. L. S., de CastroN., BrandãoR., CâmaraL. & MoszkowiczM. (2016, June). The role of imbalance settlement mechanisms in electricity markets: A comparative analysis between UK and Brazil. In 2016 13th International Conference on the European Energy Market (EEM) (pp. 1-6). IEEE.Search in Google Scholar

[28]Munhoz, F. C. (2021). Two-settlement system for the Brazilian electricity market. Energy Policy, 152, 112234. MunhozF. C. (2021). Two-settlement system for the Brazilian electricity market. Energy Policy, 152, 112234.Search in Google Scholar

[29]Oprea, S. V., Bâra, A., & Andreescu, A. I. (2020). Two novel blockchain-based market settlement mechanisms embedded into smart contracts for securely trading renewable energy. IEEE access, 8, 212548-212556. OpreaS. V., BâraA. & AndreescuA. I. (2020). Two novel blockchain-based market settlement mechanisms embedded into smart contracts for securely trading renewable energy. IEEE access, 8, 212548-212556.Search in Google Scholar

[30]Li, Y., Gong, Y., Wu, M., Li, Y., & Wang, W. (2024). Applications of blockchain technologies in artificial electricity market settlement and clearing. International Journal of Low-Carbon Technologies, 19, 2153-2161. LiY., GongY., WuM., LiY. & WangW. (2024). Applications of blockchain technologies in artificial electricity market settlement and clearing. International Journal of Low-Carbon Technologies, 19, 2153-2161.Search in Google Scholar

[31]Lizhi Wang, Mainak Mazumdar, Matthew D. Bailey & Jorge Valenzuela. (2005). Oligopoly models for market price of electricity under demand uncertainty and unit reliability. European Journal of Operational Research(3), 1309-1321. WangLizhi, MazumdarMainak, BaileyMatthew D. & ValenzuelaJorge. (2005). Oligopoly models for market price of electricity under demand uncertainty and unit reliability. European Journal of Operational Research(3), 1309-1321.Search in Google Scholar

[32]Suyang Wang, Xuejun Feng, Yiqiang Peng, Haipeng Wang & Yan Zhang. (2025). Game Theory-Based shore power Analysis: From the perspective of policy makers. Case Studies on Transport Policy 101341-101341. WangSuyang, FengXuejun, PengYiqiang, WangHaipeng & ZhangYan. (2025). Game Theory-Based shore power Analysis: From the perspective of policy makers. Case Studies on Transport Policy 101341-101341.Search in Google Scholar

[33]Lei Xi, Tao Yu, Bo Yang & Xiaoshun Zhang. (2015). A novel multi-agent decentralized win or learn fast policy hill-climbing with eligibility trace algorithm for smart generation control of interconnected complex power grids. Energy Conversion and Management 82-93. XiLei, YuTao, YangBo & ZhangXiaoshun. (2015). A novel multi-agent decentralized win or learn fast policy hill-climbing with eligibility trace algorithm for smart generation control of interconnected complex power grids. Energy Conversion and Management 82-93.Search in Google Scholar

[34]Lei Wenxin, Wen Hong, Wu Jinsong & Hou Wenjing. (2021). MADDPG-Based Security Situational Awareness for Smart Grid with Intelligent Edge. Applied Sciences(7), 3101-3101. WenxinLei, HongWen, JinsongWu & WenjingHou. (2021). MADDPG-Based Security Situational Awareness for Smart Grid with Intelligent Edge. Applied Sciences(7), 3101-3101.Search in Google Scholar