Research and Practice of Power Demand Response Market Mechanismtion

The safe and stable operation of the new power system is facing serious challenges. The establishment and improvement of demand response incentive mechanism is one of the important ways to balance the system. Firstly, the classification of power demand response and the benefits of implementing demand response are summarized. Secondly, the paper summarizes the theoretical achievements of power demand response mechanism construction from different market backgrounds and market subjects. Thirdly, based on the experience of overseas power demand response implementation, the investigation explores the status quo and development path of domestic demand response implementation; Finally, the paper summarizes the challenges faced by Chinese demand response market mechanism, and puts forward the prospect of the development of Chinese demand response market mechanism construction.