Quantitative Analysis Methods for Electricity Market

The indexes system for electricity market is the basement for quantitative analysis of electricity market. It is very important to induce math tools to deal with these indexes. This paper will research on the quantitative analysis methods for electricity market, which is of significant meaning for the electricity market. It is a necessary mathematical tool helping the market supervisors to make decisions. This paper first put forward the quantitative analysis process, then introduce the vary mathematical models. At last, examples of the precaution indices system are presented in the paper to illustrate the qualitative analysis process, and the applications of many multi-analysis models, such as cluster, factor analysis, covariance analysis, etc., are introduced to explain the quantitative analysis process. Examples and actual application for an electricity market in China are presented throughout the paper to illustrate the ideas.