Analysis of the Dispatching Mode and Transaction Mechanism of the Frequency Regulation Market in China Southern Power Grid

Frequency regulation plays an important role in maintaining the safe and stable operation of the power system. A suitable regulation market transaction mechanism and dispatching mode can fully take advantage of regulation resources in the market. The China Southern Power Grid (CSG) regional unified regulation market is the first regional regulation market in China. The operation of the regional market is facing many challenges. The paper mainly introduces the transaction mechanism and dispatching mode, and analyzes the problems in the market. Based on the existing problems, the paper finally puts forward to suitable market development suggestions, aiming to guide the next stage of market construction in CSG regional unified regulation market.