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Energies 2018, 11(12), 3424;

Review of Information Disclosure in Different Electricity Markets

College of Electrical Engineering, Zhejiang University, Hangzhou 310027, China
Department of Electrical and Computer Engineering, University of Macau, Macau 519020, China
Author to whom correspondence should be addressed.
Received: 15 November 2018 / Revised: 28 November 2018 / Accepted: 30 November 2018 / Published: 6 December 2018
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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. View Full-Text
Keywords: information disclosure; electricity market; poolco model; bilateral contract model; hybrid model information disclosure; electricity market; poolco model; bilateral contract model; hybrid model

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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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Yang, Y.; Bao, M.; Ding, Y.; Song, Y.; Lin, Z.; Shao, C. Review of Information Disclosure in Different Electricity Markets. Energies 2018, 11, 3424.

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