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Design Ideas of Electricity Market Mechanism to Improve Accommodation of Clean Energy in China

  • Lianjun Shi
  • , Lin Zhou
  • , Bo Pang
  • , Yu Yan
  • , Fan Zhang
  • , Jun Liu
  • Beijing Power Exchange Center
  • State Grid Corporation of China

Research output: Contribution to journalArticlepeer-review

88 Scopus citations

Abstract

In recent years, the contradictions in clean energy accommodation have become increasingly prominent in China. A new round of electricity market reform has provided the good opportunity to solve this problem. Based on the analysis of the requirements for the new round electricity market reform and considering the current situation of the construction of electric power market and advancing procedure in China, the market mechanism is designed step by step to promote the clean energy accommodation. Recently, the renewable energy directly has participated in the market mechanism such as the inter provincial power generation right transaction model, the direct electricity transactions model to promote the transmission of renewable energy between provinces, the long-term contracts including differential contract mechanism and premium mechanism. Finally, the suggestions of promoting China's new energy absorption policy and market mechanism in the environment of electricity market construction are proposed.

Original languageEnglish
Pages (from-to)83-89
Number of pages7
JournalDianli Xitong Zidonghua/Automation of Electric Power Systems
Volume41
Issue number24
DOIs
StatePublished - 25 Dec 2017
Externally publishedYes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 7 - Affordable and Clean Energy
    SDG 7 Affordable and Clean Energy

Keywords

  • Clean energy
  • Contract for difference
  • Electricity market
  • Power generation right transaction
  • Spot market

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