New energy market trading mechanism and benefit analysis of Zhejiang electricity spot market

As China has declared its pledge on peak emission and carbon neutrality and the target of building a new power system, the new energy in China is undergoing a period of rapid development. However, since the subsidies for new energy continues to decrease, it is widely recognized that new energy con...

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Main Authors: ZHOU Ziqing, DENG Hui, FANG Le, ZHANG Feng, XU Chengwei, XU Lizhong
Format: Article
Language:zho
Published: zhejiang electric power 2022-08-01
Series:Zhejiang dianli
Subjects:
Online Access:https://zjdl.cbpt.cnki.net/WKE3/WebPublication/paperDigest.aspx?paperID=b087c338-da2d-4956-a160-1e47cb65c94e
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author ZHOU Ziqing
DENG Hui
FANG Le
ZHANG Feng
XU Chengwei
XU Lizhong
author_facet ZHOU Ziqing
DENG Hui
FANG Le
ZHANG Feng
XU Chengwei
XU Lizhong
author_sort ZHOU Ziqing
collection DOAJ
description As China has declared its pledge on peak emission and carbon neutrality and the target of building a new power system, the new energy in China is undergoing a period of rapid development. However, since the subsidies for new energy continues to decrease, it is widely recognized that new energy consumption and the revenues should be addressed through a market-oriented way. The paper simulates and estimates new energy participating in market trade by “quoted volume without quotation” based on the trading mechanism of electricity spot market in Zhejiang province. The results show that new energy, through rational safeguarding of utilization hours and rational utilization hours consumption, can ensure its own revenues and in the meantime reduce subsidies by participation in market; in contrast to wind power, solar PV is more receptive to electricity spot market.
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language zho
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publishDate 2022-08-01
publisher zhejiang electric power
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spelling doaj.art-20927df17c3f4098a5b701f7274ee9862022-12-22T04:25:46Zzhozhejiang electric powerZhejiang dianli1007-18812022-08-01418414810.19585/j.zjdl.2022080061007-1881(2022)08-0041-08New energy market trading mechanism and benefit analysis of Zhejiang electricity spot marketZHOU Ziqing0DENG Hui1FANG Le2ZHANG Feng3XU Chengwei4XU Lizhong5State Grid Zhejiang Electric Power Co., Ltd. Research Institute(State Grid Zhejiang Electric Power Co., Ltd. Power Market Simulation Laboratory),Hangzhou 310014,ChinaState Grid Zhejiang Electric Power Co., Ltd. Research Institute(State Grid Zhejiang Electric Power Co., Ltd. Power Market Simulation Laboratory),Hangzhou 310014,ChinaState Grid Zhejiang Electric Power Co., Ltd. Research Institute(State Grid Zhejiang Electric Power Co., Ltd. Power Market Simulation Laboratory),Hangzhou 310014,ChinaState Grid Zhejiang Electric Power Co., Ltd. Research Institute(State Grid Zhejiang Electric Power Co., Ltd. Power Market Simulation Laboratory),Hangzhou 310014,ChinaState Grid Zhejiang Electric Power Co., Ltd. Research Institute(State Grid Zhejiang Electric Power Co., Ltd. Power Market Simulation Laboratory),Hangzhou 310014,ChinaState Grid Zhejiang Electric Power Co., Ltd., Hangzhou 310007,ChinaAs China has declared its pledge on peak emission and carbon neutrality and the target of building a new power system, the new energy in China is undergoing a period of rapid development. However, since the subsidies for new energy continues to decrease, it is widely recognized that new energy consumption and the revenues should be addressed through a market-oriented way. The paper simulates and estimates new energy participating in market trade by “quoted volume without quotation” based on the trading mechanism of electricity spot market in Zhejiang province. The results show that new energy, through rational safeguarding of utilization hours and rational utilization hours consumption, can ensure its own revenues and in the meantime reduce subsidies by participation in market; in contrast to wind power, solar PV is more receptive to electricity spot market.https://zjdl.cbpt.cnki.net/WKE3/WebPublication/paperDigest.aspx?paperID=b087c338-da2d-4956-a160-1e47cb65c94enew energyelectricity spot marketmarket simulationrevenue analysis
spellingShingle ZHOU Ziqing
DENG Hui
FANG Le
ZHANG Feng
XU Chengwei
XU Lizhong
New energy market trading mechanism and benefit analysis of Zhejiang electricity spot market
Zhejiang dianli
new energy
electricity spot market
market simulation
revenue analysis
title New energy market trading mechanism and benefit analysis of Zhejiang electricity spot market
title_full New energy market trading mechanism and benefit analysis of Zhejiang electricity spot market
title_fullStr New energy market trading mechanism and benefit analysis of Zhejiang electricity spot market
title_full_unstemmed New energy market trading mechanism and benefit analysis of Zhejiang electricity spot market
title_short New energy market trading mechanism and benefit analysis of Zhejiang electricity spot market
title_sort new energy market trading mechanism and benefit analysis of zhejiang electricity spot market
topic new energy
electricity spot market
market simulation
revenue analysis
url https://zjdl.cbpt.cnki.net/WKE3/WebPublication/paperDigest.aspx?paperID=b087c338-da2d-4956-a160-1e47cb65c94e
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AT denghui newenergymarkettradingmechanismandbenefitanalysisofzhejiangelectricityspotmarket
AT fangle newenergymarkettradingmechanismandbenefitanalysisofzhejiangelectricityspotmarket
AT zhangfeng newenergymarkettradingmechanismandbenefitanalysisofzhejiangelectricityspotmarket
AT xuchengwei newenergymarkettradingmechanismandbenefitanalysisofzhejiangelectricityspotmarket
AT xulizhong newenergymarkettradingmechanismandbenefitanalysisofzhejiangelectricityspotmarket