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//! Real-Time Market (RTM) / Balancing Market.
//!
//! Clears 5-minute balancing intervals, settling imbalances between day-ahead
//! schedule and real-time conditions.
//!
//! # References
//! - PJM "Manual 11: Energy & Ancillary Services Market Operations", rev. 2023
//! - CAISO "Real-Time Market", 2023
use crate::error::Result;
/// Real-time market configuration.
#[derive(Debug, Clone)]
pub struct RtmConfig {
/// Dispatch interval in minutes (default 5)
pub interval_minutes: usize,
/// Imbalance price multiplier over DA price for violations (default 3.0)
pub imbalance_price_factor: f64,
/// Whether Automatic Generation Control (AGC) is active
pub agc_enabled: bool,
}
impl Default for RtmConfig {
fn default() -> Self {
Self {
interval_minutes: 5,
imbalance_price_factor: 3.0,
agc_enabled: true,
}
}
}
/// Real-time offer from a generator — incremental/decremental capability above DA.
#[derive(Debug, Clone)]
pub struct RtmOffer {
/// Unit identifier (must match DA schedule)
pub unit_id: usize,
/// MW available *above* DA schedule (upward regulation headroom)
pub p_available: f64,
/// MW available *below* DA schedule (downward regulation headroom)
pub p_curtailable: f64,
/// Bid price for upward adjustment \[$/MWh\]
pub bid_up: f64,
/// Bid price for downward adjustment \[$/MWh\]
pub bid_down: f64,
}
/// Real-time market clearing result.
#[derive(Debug, Clone)]
pub struct RtmResult {
/// Adjustment per unit \[MW\]: positive = upward, negative = downward
pub adjustments: Vec<f64>,
/// Real-time clearing price \[$/MWh\]
pub clearing_price: f64,
/// System imbalance before clearing \[MW\]: positive = shortage
pub total_imbalance: f64,
/// Residual imbalance after clearing \[MW\]
pub settled_imbalance: f64,
}
/// Real-time balancing market.
pub struct RealTimeMarket {
/// Day-ahead schedule \[MW\] per unit
pub da_schedule: Vec<f64>,
/// Day-ahead prices \[$/MWh\] per bus
pub da_prices: Vec<f64>,
/// RTM configuration
pub config: RtmConfig,
}
impl RealTimeMarket {
/// Create a new real-time market.
pub fn new(da_schedule: Vec<f64>, da_prices: Vec<f64>, config: RtmConfig) -> Self {
Self {
da_schedule,
da_prices,
config,
}
}
/// Clear the real-time balancing market.
///
/// # Algorithm
/// 1. Compute system imbalance: RT_demand + (DA_renewable - RT_renewable) - Σ DA_schedule.
/// 2. If shortage (imbalance > 0): merit-order dispatch of upward offers.
/// 3. If surplus (imbalance < 0): merit-order dispatch of downward offers (cheapest curtailment).
/// 4. Clearing price = price of marginal adjustment offer, or
/// imbalance_factor * DA_price if imbalance remains unresolved.
pub fn clear(
&self,
rt_offers: &[RtmOffer],
rt_demand: f64,
renewable_actual: f64,
) -> Result<RtmResult> {
let da_total_gen: f64 = self.da_schedule.iter().sum();
// System imbalance: positive = shortage (RT needs more than DA scheduled)
// renewable_actual is an additional injection not in the DA schedule.
let total_imbalance = rt_demand - da_total_gen - renewable_actual;
let imbalance = total_imbalance;
let mut adjustments = vec![0.0f64; self.da_schedule.len()];
let mut clearing_price = self.da_prices.first().copied().unwrap_or(30.0);
let mut residual = imbalance;
if imbalance > 1e-6 {
// Shortage: activate upward offers in merit order
let mut sorted_up: Vec<&RtmOffer> = rt_offers.iter().collect();
sorted_up.sort_by(|a, b| {
a.bid_up
.partial_cmp(&b.bid_up)
.unwrap_or(std::cmp::Ordering::Equal)
});
for offer in sorted_up {
if residual <= 1e-6 {
break;
}
let activated = offer.p_available.min(residual);
if activated > 0.0 {
let idx = offer.unit_id.min(self.da_schedule.len().saturating_sub(1));
adjustments[idx] += activated;
residual -= activated;
clearing_price = offer.bid_up;
}
}
if residual > 1e-6 {
let da_price = self.da_prices.first().copied().unwrap_or(30.0);
clearing_price = da_price * self.config.imbalance_price_factor;
}
} else if imbalance < -1e-6 {
// Surplus: activate downward offers in merit order (cheapest curtailment)
let mut sorted_down: Vec<&RtmOffer> = rt_offers.iter().collect();
sorted_down.sort_by(|a, b| {
a.bid_down
.partial_cmp(&b.bid_down)
.unwrap_or(std::cmp::Ordering::Equal)
});
let mut surplus = -imbalance;
for offer in sorted_down {
if surplus <= 1e-6 {
break;
}
let curtailed = offer.p_curtailable.min(surplus);
if curtailed > 0.0 {
let idx = offer.unit_id.min(self.da_schedule.len().saturating_sub(1));
adjustments[idx] -= curtailed;
surplus -= curtailed;
clearing_price = offer.bid_down;
}
}
residual = -surplus.max(0.0);
}
Ok(RtmResult {
adjustments,
clearing_price,
total_imbalance,
settled_imbalance: residual,
})
}
}
#[cfg(test)]
mod tests {
use super::*;
#[test]
fn test_rtm_upward_balancing() {
let da_schedule = vec![80.0, 20.0];
let da_prices = vec![30.0, 35.0];
let config = RtmConfig::default();
let rtm = RealTimeMarket::new(da_schedule, da_prices, config);
let rt_offers = vec![
RtmOffer {
unit_id: 0,
p_available: 20.0,
p_curtailable: 10.0,
bid_up: 45.0,
bid_down: 15.0,
},
RtmOffer {
unit_id: 1,
p_available: 30.0,
p_curtailable: 5.0,
bid_up: 55.0,
bid_down: 20.0,
},
];
let result = rtm.clear(&rt_offers, 120.0, 0.0).expect("RTM should clear");
assert!(
result.total_imbalance > 0.0,
"Should have upward imbalance: {:.2}",
result.total_imbalance
);
assert!(
result.clearing_price > 0.0,
"Clearing price should be positive: {:.2}",
result.clearing_price
);
}
#[test]
fn test_rtm_downward_balancing() {
let da_schedule = vec![100.0, 50.0];
let da_prices = vec![30.0, 35.0];
let config = RtmConfig::default();
let rtm = RealTimeMarket::new(da_schedule, da_prices, config);
let rt_offers = vec![RtmOffer {
unit_id: 0,
p_available: 10.0,
p_curtailable: 40.0,
bid_up: 45.0,
bid_down: 10.0,
}];
// RT demand 80 MW, DA 150 MW scheduled → surplus
let result = rtm.clear(&rt_offers, 80.0, 0.0).expect("RTM should clear");
assert!(result.total_imbalance < 0.0, "Should have surplus");
}
#[test]
fn test_rtm_no_imbalance() {
let da_schedule = vec![100.0];
let da_prices = vec![30.0];
let config = RtmConfig::default();
let rtm = RealTimeMarket::new(da_schedule, da_prices, config);
let result = rtm.clear(&[], 100.0, 0.0).expect("RTM should clear");
assert!(result.total_imbalance.abs() < 1e-6);
}
}