The Research for the Verification Mechanism of the Medium and Long-term Electricity Transactions Based on Operation Flow and Data Chain

Abstract

After China started a new round of power system reform, the medium and long-term electricity transaction has been steadily promoted in all provinces and made positive progress. In September 2019, the State Energy Administration of China pointed out that there are still some problems in the construction and operation of the electricity market in its opinion on strengthening the supervision of medium and long-term electricity transaction, such as imperfect trading mechanism, inadequate implementation of trading rules, and irregular trading organization. At present, the research on medium and long-term transaction is mainly focused on transaction strategy, transaction security analysis, deviation handling mechanism, etc. How to ensure the fairness of transaction organization, the validity of transaction data, the accuracy and timeliness of transaction results, which needs further research . so that the market subjects can make clear transactions, and further improve the credibility of the power transaction center in the market subjects. Based on the operation flow and transaction data chain of the medium and long-term electricity transactions, this paper proposes a whole life cycle verification scheme and system of the medium and long-term electricity transactions for Monitoring and verification for the medium and long term transactions with comprehensive consideration of Yunnan electricity market transaction access, transaction declaration, security check and transaction clearing rules.Firstly, it is to establish a monitoring system to control, remind and correct all aspects of the power medium and long-term transaction business process.At the same time, with the help of transaction calendar, it can realize automatic control and real-time process display for each link of transaction organization, effectively reduce transaction organization errors and avoid missing transaction time. Secondly,it is to establish a transaction business data verification mechanism and system,which covers the whole life cycle of the trading process, so as to reduce the data errors of different transaction organization links, remind and correct them,which can ensure the validity and practicability of the transaction data .Thirdly,it is to establish multi-dimensional check relationships of the medium and long-term electricity transaction data chain,which can verify the correctness and rationality of transaction data.For example, declaration of electricity quantity, security correction of electricity quantity, transaction electricity quantity and other transaction information, which can establish a reasonable checking relationship of transaction electricity quantity, The three aspects above shall be coordinated ,which can build a strict verification network for the medium and long-term electricity transactions.Since the operation of Yunnan electric power market, the trading rules have been matured gradually, the trading quantity has increased in a high proportion, the trading price has been stable.The power exchange of Kunming has got a high score of the third-party satisfaction check every year, which has been affirmed and recognized by the majority of market participants.The practice in Yunnan electric market proves that the medium and long-term transaction verification scheme and system is effective.which can ensure the standardization and fairness of the medium and long-term electricity transaction organization and be good forguaranteeing the accuracy and practicability of transaction results, reducing the transaction risks for market subjects.Furthermore,the medium and long-term transaction verification scheme and system is good for the smooth and orderly operation of electric power medium and long-term market.