Analysis of Electricity Market Forecast

Abstract

Abstract. The power industry has owned the monopoly mode for a hundred years in widely using power generation, transmission, distribution, sales in one. In the past, it was generally believed that the power industry was an economy of scale. However, with the continuous development of power industry and continuous progress of society, the monopoly mode of operation in power system gradually displays the drawbacks. As the implementation of the power market reform introducing the concept of competition, from the economic point of view, power system that consists of power generation, transmission, and power supply is divided into power generation companies, power transmission companies and power supply companies, three relatively independent parts, which brings a lot of new problems. China's power system reform is also the same. This paper discusses the function and importance of market forecasting and analysis system, which is an important part of the electricity market operation system from the perspective of electricity market research.