Study on market mechanism for high penetration of renewable energy in power system in China

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 pene...

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Bibliographic Details
Published in:E3S Web of Conferences 2021-01, Vol.252, p.3065
Main Authors: Zhang, Fan, Tang, Chenghui
Format: Article
Language:English
Subjects:
Electric power systems
Electricity
Energy consumption
Penetration
Power consumption
Renewable energy
Renewable resources
Online Access:Get full text
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Summary: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.
ISSN:2267-1242
2555-0403
2267-1242
DOI:10.1051/e3sconf/202125203065