气候变化领域集成服务门户(CCPortal): Equilibrium strategy based policy shifts towards the integration of wind power in spot electricity markets: A perspective from China

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DOI	10.1016/j.enpol.2021.112482
	Equilibrium strategy based policy shifts towards the integration of wind power in spot electricity markets: A perspective from China
	Liu T.; Xu J.
发表日期	2021
ISSN	03014215
卷号	157
英文摘要	As part of China's power industry reforms, developing appropriate market designs for the inclusion of renewable energy in the electricity spot market has been an ongoing challenge. This paper examined the effects of different market rules on wind power producer behavior to identify the policy implications for a renewable-friendly spot market, for which a market equilibrium model was developed to assess power transactions in the day-ahead and balancing markets, with the upper level being wind power producers seeking the best profits, and the lower level being the market clearing process to minimize generation costs. A case study is given, in which different scenarios are explored to assess the effects of bidding regulations and imbalance pricing mechanisms and to simulate the rising wind penetration in power systems. It was found that in the region modeled: more relaxed bidding regulations could provide wind producers incentives by allowing more profitable strategies; the imbalance pricing settings influence market results and producer revenues; and lower spot prices and power generation costs occur if a larger wind share was fed into the power system and could result in a unit revenue decline. Therefore, new policy directions are needed for the development of China's renewable-friendly electricity markets. © 2021 Elsevier Ltd
关键词	Market equilibrium model Mechanism design Spot electricity market Wind power
英文关键词	Costs; Machine design; Power markets; Profitability; Public policy; Equilibria strategies; Generation cost; Market design; Market equilibrium model; Mechanism design; Policy shift; Power; Power industry; Power producer; Spot electricity market; Wind power; electricity supply; energy market; energy policy; power generation; wind power; China
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205226
作者单位	Business School, Sichuan University, Chengdu, 610064, China; Institute of New Energy and Low-Carbon Technology, Sichuan University, Chengdu, 610064, China
推荐引用方式 GB/T 7714	Liu T.,Xu J.. Equilibrium strategy based policy shifts towards the integration of wind power in spot electricity markets: A perspective from China[J],2021,157.
APA	Liu T.,&Xu J..(2021).Equilibrium strategy based policy shifts towards the integration of wind power in spot electricity markets: A perspective from China.Energy Policy,157.
MLA	Liu T.,et al."Equilibrium strategy based policy shifts towards the integration of wind power in spot electricity markets: A perspective from China".Energy Policy 157(2021).