Research on open electricity markets under intelligent grid environment

This paper presents a fully liberalized electricity market concept under the smart grid environment.The two-way flows of smart grid information and the law of value are the preconditions of the electricity market.Power producers can select the production time,quality and quantity;and electricity consumers can choose the type of spending time and power consumption.Participants of full liberalization of the electricity market can share the information flow to make rational production and consumption decisions.The development of distributed generations provides the market with a large number of power producers to expand electricity product differentiation.The establishment of the market can help to optimize the allocation of power resources,to promote the progress of the power industry.