Modeling device based on clearing and settlement mechanisms of multi-product electricity market

Abstract

Provided is a modeling device based on clearing and settlement mechanisms of a multi-product electricity market, including: a processor, a memory and an input device; the processor is configured to determine key concepts in an electricity market, the key concepts comprise homogeneous products, heterogeneous products, product groups, and product conversion; for data related to a product input via the input device, the processor is configured to determine bid function-based data and actual function-based data; construct a general model for bidding and settlement in a centralized auction market and a general model for auction market clearing; and store the general model for bidding and settlement in the centralized auction market and the general model for auction market clearing in the memory.

Dependencies are inferred from the claim text.