Research on the future development of electricity retail market based on the wholesale retail market convergence mechanism

In order to effectively adapt to the grid connection requirements of emerging market entities, participate in the market, and achieve the coordinated development of "source-network-load-storage," it is essential to rely on the construction of an efficient power market mechanism, specifically, by ensuring a robust connection between power wholesale and retail markets. This paper aims to define the boundaries and relationships between the wholesale and retail markets from two perspectives. Firstly, it examines the price transmission mechanism of the wholesale-retail market based on the billing logic of retail packages. Secondly, it provides an outlook on the development trend of the retail market, considering the coordinated development of wholesale and retail markets. The research on the connection mechanism between wholesale and retail markets can contribute to the improvement of the power retail market system, promote the construction of future power markets, and foster the healthy development of the market system.