Australian national electricity market has being healthily developed and successfully operated.Its experience is of great value for the development of regional electricity markets in China.The settlement residues auction of Australian electric market
including its operation mechanism
method of calculating settlement residues
and the clearing model and method of settlement residues auction
was concisely described.Combined with the development trend and the existing problems of regional electricity market in China
suggestions were proposed for making reference to economic coordination of regional electricity market in China.