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

• Main Authors: Zhang Fan, Tang Chenghui
• Format: Article
• Language: English
• Published: EDP Sciences 2021-01-01
• Series: E3S Web of Conferences
• Online Access: https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/28/e3sconf_pgsge2021_03065.pdf

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.