Research on Renewable Energy Quota System and Power Coordination Transaction

Abstract

On May 10, 2019, the National Development and Reform Commission and the State Energy Administration promulgated the Notice on Establishing and Perfecting the Guarantee Mechanism of Renewable Energy Power Consumption, which opened the prelude to the implementation of the renewable energy quota system in China. The emergence of renewable energy quota trading market will greatly affect the traditional electricity market trading mechanism which only considers electricity trading. In order to promote the optimal allocation of power resources, this paper aims at the coordinated transaction between renewable energy quota and electricity. Firstly, it analyses the relationship between renewable energy quota market and electricity market, and the impact of renewable energy quota on power trade is explored. Secondly, renewable energy quota execution and assessment are elaborated. The basic principle of quota and electricity coordinated trading; finally, according to China’s national conditions, the paper puts forward countermeasures for the construction of the coordination mechanism of electricity trading and quota trading, and provides direction and suggestions for the implementation of renewable energy quota system in China.