Abstract
This paper first introduces the current situation and background of China’s renewable energy power generation, and analyzes the difficulties of renewable energy consumption in detail. The next section mainly introduces how China’s electricity market mechanism adapted to renewable energy of high penetration. China’s electricity market mechanism is further designed based on the existing market mechanism. These market mechanisms are divided into two stages. The first stage is that the spot market has not yet been established, and the second stage is the establishment of the spot market. In both stages, the design of a market mechanism to promote renewable energy accommodation is based on the national market.
Highlights
Major countries including the United States, China, Japan, Germany has made promises on carbon emission reduction. China made it clear that it will promote the revolution of energy production and consumption and build a clean, low carbon, safe and efficient energy system, which further pointed out the direction for the development of China's energy and power industry[1,2]
The power sector reform document stated that "starting from the implementation of the national strategy as a whole", "promote the transformation of the development mode of the power industry and the optimization of the energy structure, improve the quality and efficiency of development, and increase the proportion of renewable energy power generation and distributed energy system power generation in the power supply." This paper studies market mechanism that helps power system to improve flexibility and compatibility with high penetration of renewable energy[3]
When renewable energy declare spot call price, when it is difficult to absorb in the day ahead and in the day, its surplus power generation capacity will participate in the inter provincial spot transaction, the transaction electricity will be settled by call price, and the consumption will be guaranteed through market mechanism such as priority call and priority substitution
Summary
Major countries including the United States, China, Japan, Germany has made promises on carbon emission reduction. China made it clear that it will promote the revolution of energy production and consumption and build a clean, low carbon, safe and efficient energy system, which further pointed out the direction for the development of China's energy and power industry[1,2]. The power sector reform document stated that "starting from the implementation of the national strategy as a whole", "promote the transformation of the development mode of the power industry and the optimization of the energy structure, improve the quality and efficiency of development, and increase the proportion of renewable energy power generation and distributed energy system power generation in the power supply." This paper studies market mechanism that helps power system to improve flexibility and compatibility with high penetration of renewable energy[3]
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