Feed-in tariff mechanisms for large-scale wind power in China

Abstract

In recent years, with the large-scale and centralized development of the wind power industry in China, wind power curtailment has become increasingly serious. In order to promote wind power consumption in China, this paper designs four kinds of feed-in tariff (FIT) mechanisms: a double-track FIT mechanism based on a ratio, a time-of-use benchmarking tariff mechanism, a net back pricing mechanism based on the inter-provincial wind power consumption market, and an FIT mechanism based on negotiation. Then, we establish a benefit distribution model to analyze the wind power stakeholders’ benefits. Finally, based on the four kinds of FIT mechanisms and the benefit distribution model, we propose the best FIT mechanisms for the various electricity market circumstances in China, in order to provide a reference to formulate wind FIT, to promote the consumption of wind power and to advance the sustainable development of renewable energy in developing countries.