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Method on Trading-decision for Demand Side Response Resources in Electricity Spot Market Based on Stackelberg Game Model

In: Proceedings of the 2025 7th International Conference on Economic Management and Model Engineering (ICEMME 2025)

Author

Listed:
  • Yuanrui Hong

    (East Branch of State Grid Corporation of China)

  • Fubin Liu

    (East Branch of State Grid Corporation of China)

  • Fei Du

    (East Branch of State Grid Corporation of China)

  • Xiaogang Li

    (East Branch of State Grid Corporation of China)

Abstract

It is an effective way to improve the safety operation of power system to tap into the potential of demand-side regulation capacity with a reasonable demand-side response mechanism, especially in power system with a high proportion of renewable energy resources. On basis of reviewing demand-side response compensation mechanisms in typical electricity markets, this paper proposes a model and method for demand-side response to participate in the electricity spot market transactions based on the stackelberg game model. And the method has been theoretically validated from both system-side and demand-side. The effectiveness of the model and method is verified through a real calculation case. This method not only ensures the market benefits of demand-side response but also helps enhance the proactive engagement of demand-side response resources in power system regulation. It provides valuable references for grid companies in designing demand-side response mechanisms and facilitating the participation of such resources in market transactions.

Suggested Citation

  • Yuanrui Hong & Fubin Liu & Fei Du & Xiaogang Li, 2026. "Method on Trading-decision for Demand Side Response Resources in Electricity Spot Market Based on Stackelberg Game Model," Advances in Economics, Business and Management Research, in: Touria Benazzouz & Sandeep Saxena & Hui Nee Au Yong & Nor Zafir Md Salleh (ed.), Proceedings of the 2025 7th International Conference on Economic Management and Model Engineering (ICEMME 2025), pages 292-304, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6239-602-9_28
    DOI: 10.2991/978-94-6239-602-9_28
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