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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Format: | Article |
Language: | zho |
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zhejiang electric power
2022-08-01
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Series: | Zhejiang dianli |
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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. |
first_indexed | 2024-04-11T11:42:58Z |
format | Article |
id | doaj.art-20927df17c3f4098a5b701f7274ee986 |
institution | Directory Open Access Journal |
issn | 1007-1881 |
language | zho |
last_indexed | 2024-04-11T11:42:58Z |
publishDate | 2022-08-01 |
publisher | zhejiang electric power |
record_format | Article |
series | Zhejiang dianli |
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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