75 lines
5.5 KiB
Markdown
75 lines
5.5 KiB
Markdown
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# Renewable Power Trading — Research & Design Docs
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# 新能源电力交易——研究与设计文档
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A bilingual (EN/中文) document set for a venture helping renewable generators
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trade in power markets: bid optimization in **PJM** (US) and trading
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optimization under the post-136 market reform in **China**.
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一套双语文档，服务于一个帮助新能源发电商参与电力市场交易的创业项目：美国
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**PJM** 市场的竞价优化，以及中国 136号文改革后的交易优化。
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**Status 状态:** working drafts, v0.x — living documents for internal
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discussion. Regulatory and vendor facts date from July 2026 and require
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re-verification before external use.
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工作草稿（v0.x），供内部讨论持续迭代。监管与供应商信息截至 2026 年 7 月，
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对外使用前须重新核实。
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---
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## Document map 文档地图
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Every document exists in both languages (`_en` / `_zh`), with matching
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section structure so the two versions can be read side by side.
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每份文档均有英文与中文两个版本（`_en` / `_zh`），章节结构一一对应，可对照阅读。
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### `pjm/` — US market 美国市场
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| Doc 文档 | EN | 中文 | Contents 内容 |
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| Market primer 市场入门 | [market_primer_en.md](pjm/market_primer_en.md) | [market_primer_zh.md](pjm/market_primer_zh.md) | PJM explained for readers familiar with China's market — institutions, DA/RT, LMP, virtuals/FTR, RPM, BORD, tax credits, with a PJM–China comparison table. 面向熟悉中国市场读者的 PJM 入门，含中美对照表。 |
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| Product design 产品设计 | [design_models_en.md](pjm/design_models_en.md) | [design_models_zh.md](pjm/design_models_zh.md) | Models A–C (price regime, probabilistic production, DA–RT spread), the newsvendor bid loop, BORD, data/licensing, build order, glossary. 模型 A–C、报童竞价闭环、BORD、数据与许可、建设顺序、术语表。 |
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| Vendor due diligence 供应商尽调 | [vendor_dd_en.md](pjm/vendor_dd_en.md) | [vendor_dd_zh.md](pjm/vendor_dd_zh.md) | Six US autobidder/optimization vendors profiled (Fluence Mosaic, Ascend SmartBidder, Tyba, Gridmatic, Dexter, enspired), comparative matrix, whitespace synthesis. 六家美国竞价优化服务商档案、对比矩阵与空白研判。 |
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### `china/` — China market 中国市场
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| Doc 文档 | EN | 中文 | Contents 内容 |
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| Market & vendor DD 市场与供应商尽调 | [market_vendor_dd_en.md](china/market_vendor_dd_en.md) | [market_vendor_dd_zh.md](china/market_vendor_dd_zh.md) | China market primer (Doc 136/394, mechanism price, MLT–spot deep dive §1.4–1.6, bargaining dynamics), six Chinese vendors (国能日新, 远景, 清能互联, 清鹏, 兰木达, 心知能源), synthesis, glossary. 中国市场入门（含中长期深度解析）、六家中国服务商、综合研判、术语表。 |
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| Product design 产品设计 | [product_design_en.md](china/product_design_en.md) | [product_design_zh.md](china/product_design_zh.md) | Chinese adaptations of Models A–C and the full Model D spec (MLT position optimizer) with the hedge-ratio mathematics, build order, open questions. 模型 A–C 中国化调整与模型 D（中长期头寸优化器）完整规格及数学推导。 |
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## Suggested reading order 建议阅读顺序
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1. **New to PJM 不熟悉 PJM** → `pjm/market_primer_*` → `pjm/design_models_*`
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2. **New to China's market 不熟悉中国市场** → `china/market_vendor_dd_*` §1 → `china/product_design_*`
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3. **Business/competitive view 商业与竞争视角** → the two vendor DD docs 两份供应商尽调 → synthesis sections 综合研判章节
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4. **Modeling 建模视角** → `pjm/design_models_*` (A–C + newsvendor) → `china/product_design_*` (Model D math)
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## Conventions 体例约定
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- **Bilingual parity 双语对应**: EN and ZH versions carry identical section
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numbering; edits should land in both. 中英文版本章节编号一致；修改须同步两版。
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- **Chinese markdown bold 中文粗体**: `**` markers are padded with ASCII
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spaces (`文字 **粗体** 文字`) to render correctly next to full-width CJK
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punctuation in strict CommonMark renderers. 中文粗体两侧加半角空格，以规避
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CJK 标点导致的渲染问题。
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- **Terms of art 术语**: each report carries its own glossary appendix;
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cross-market contrasts (e.g. BORD vs 两个细则, mechanism price vs PTC/ITC)
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are defined where first used. 各报告自带术语表附录。
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- **Claims hygiene 数据口径**: vendor uplift figures are marketing claims on
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non-comparable baselines; private-company data is third-party-sourced.
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Treat accordingly. 服务商"提升"数字为不可比基准上的营销口径，非上市公司数据
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转引自第三方，使用须谨慎。
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- **Point-in-time principle 时点原则**: the documents repeatedly rely on
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as-of-date information sets (both for modeling and for market facts);
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when updating, note the as-of date. 文档反复依赖"以当时为准"的信息集；
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更新时请注明数据时点。
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## Provenance 来源说明
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Documents originated from an extended design discussion (July 2026) covering
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PJM public data, renewable DA bidding theory (newsvendor + spread), vendor
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landscapes in both markets, China's Document-136 reform and MLT–spot
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mechanics. 文档源自 2026 年 7 月的一次系列设计讨论，涵盖 PJM 公开数据、
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新能源日前竞价理论（报童模型与价差）、中美两地服务商格局、中国 136号文改革
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与中长期–现货机制。
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