Modeling Analysis and Study of Unbalanced Funds Impact on Power Spot Market with High Share of Clean Energy

Abstract

Under the background of "double carbon" and large-scale grid connection of clean energy, the uncertainty of clean energy output and the market reforms to deal with this uncertainty will affect the interests of market participants through settlement and unbalanced funds. Focusing on the background of the power spot market for clean energy, this paper first analyzes the unbalanced funds items specific to Chinese power spot market, then conducts a qualitative analysis of the impact of high proportions of clean energy on unbalanced funds. Finally, from the perspective of quantitative analysis, three prediction models for the impact of unbalanced funds are proposed to provide technical means for prediction and evaluation of the changes in the interests of power market participants under the background of China's energy transition in the future.