电力系统自动化2026，Vol.50Issue(10)：16-33,18.DOI:10.7500/AEPS20250722014
适应电力现货市场运营与风险防控的虚拟投标研究综述
Review on Virtual Bidding for Electricity Spot Market Operation and Risk Prevention and Control
摘要
Abstract
Driven by the new round of electricity market reform and the goals of"carbon emission peak and carbon neutrality",the construction of electricity markets in China continues to deepen,with further improvements required in operational efficiency and risk prevention capabilities.As a financial mechanism embedded in the electricity spot market,virtual bidding can effectively converge day-ahead and real-time market prices through arbitrage behaviors,enhance market competitiveness,and provide market participants with flexible risk management instruments.This paper first reviews the market models and strategy optimization methods of virtual bidding,and then analyzes its impact mechanisms on market operation,including promoting price discovery,mitigating market power,and its interactions with other markets.On this basis,the market design and supervision mechanisms for virtual bidding are summarized.In consideration on the development stage and evolutionary trends of electricity markets in China,the adaptability,potential benefits,and major challenges of introducing virtual bidding are assessed.Finally,a feasible staged and well-regulated implementation pathway is proposed,aiming to provide a reference for the efficient operation and risk prevention of electricity markets in China.关键词
虚拟投标/电力市场/现货市场/电力金融产品/交易策略/风险管理/市场机制Key words
virtual bidding/electricity market/spot market/electricity financial product/trading strategy/risk management/market mechanism引用本文复制引用
陈皓勇,曾灏东,蔡伟钧,肖东亮..适应电力现货市场运营与风险防控的虚拟投标研究综述[J].电力系统自动化,2026,50(10):16-33,18.基金项目
国家自然科学基金资助项目(52207104). This work is supported by National Natural Science Foundation of China(No.52207104). （52207104）
