Electricity Market Trading Settlement and Strategy Guide

This document provides a comprehensive overview of electricity market trading settlement and strategy, focusing on wholesale side trading formulas, spot market operations, and price forecasting. It details the calculation of electricity charges for sales companies using medium-long-term, day-ahead, and real-time market prices, emphasizing the mathematical equivalence of different settlement forms. The guide covers day-ahead and real-time electricity price formation principles, including the role of market operators and disclosed information. It also addresses virtual power plant (VPP) market access requirements, type classifications based on aggregated resources (generation-storage and load types), and response capabilities (direct control, short-term, long-term). Strategies for spot trading, such as adjusting day-ahead quantities based on price differences, are explained with examples. The document serves as a technical resource for participants in deregulated electricity markets, highlighting optimization of trading decisions to minimize costs and maximize efficiency.