Dynamic Integrated Resource Strategic Planning Model: A Case Study of China’s Power Sector Planning into 2050

From scratch to current stage, China's nuclear power technology has experienced rapid development, and now China has begun to export nuclear power technology. As a kind of highly efficient and clean energy source, nuclear energy is also a priority option to solve energy crisis, replace traditional fossil fuels and reduce air pollution. By analyzing the short-term and long-term development trend of nuclear power in China, the paper has reached the following conclusions: (1) Under the current situation of excess supply, due to high investment cost of first-kind reactors, the decline of utilization hours and the additional cost of ancillary service obligations, the levelized cost of energy (LCOE) of the third generation nuclear power will significantly increase, and the internal rate of return (IRR) will significantly fall. In the short term, market competitiveness of nuclear power will be a major problem, which affects investment enthusiasm. (2) With technology learning of third generation technology, the LCOE of nuclear power will be competitive with that of coal power in 2030. (3) The CO 2 emissions reduction potential of nuclear power is greater than coal power with CCS and the avoided CO 2 costs of nuclear power is much lower. Therefore, nuclear power is an important option for China's long-term low-carbon energy system transition. The paper proposes to subsidize the technical learning costs of new technology through clean technology fund at the early commercialization stage. When designing power market rules, the technical characteristics of nuclear power should be fully considered to ensure efficient operation of nuclear power.

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“…According to our previous research [54,55], the prediction of the nuclear power installed capacity, electricity generation are shown in Table 9.…”

Section: The Role Of Nuclear In China's Energy Transitionmentioning

confidence: 99%

The Prospective of Nuclear Power in China

Kang

Yuan

2018

Sustainability

Self Cite

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“…And the wind energy is abundant in China due to its vast land and long coastline [3]. It is clearly to find that the wind power is a sustainable and clean generation with environmentally friendly production using green and renewable energy [4][5][6], then it is essential to promote this generation for adjusting the coal-dominant energy structure and realizing the low-carbon society. Obviously, there are significant differences between the thermal power and the wind power.…”

Section: Introductionmentioning

confidence: 99%

From Generating Cost to Environmental Impact: Comparing Wind Power with Thermal Power

Li¹,

Cui²,

Liang³

et al. 2018

dtcse

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Abstract. As the fast development of China's economy, the power generation has increased rapidly to support the economic growth. In China, thermal power, as a traditional power generation, consumes more fossil energy and brings great damage on environment. As for wind power, a clean and renewable power generation, uses wind energy and is beneficial to environment. In order to describe the differences between these two generations in detail, this paper compared the thermal power with the wind power from the generating total cost to the environmental impact in a quantitative way. And the scenario analysis was adopted for predicting the energy conservation and the emission reduction by wind power. The results show that: (1) Coal is still the dominant input for energy consumption in China and the installed capacity of thermal power takes 65% to total installed capacity. As for the wind power, wind energy only has a share of 5.89% to the total energy consumption and the installed capacity of wind power contributes 8% on total installed capacity. (2) The total cost of thermal power is higher than that of wind power, with 0.47 yuan/KWh. (3) Comparing with the thermal power, the wind power save 238.87 million tons of coal equivalent in total. In addition, the wind power reduces 668.54 million tons of CO 2 emissions, 1.73 million tons of SO 2 emissions, 1.8 million tons of NO x emissions and 0.3 million tons of smoke emissions during 2008 to 2015. (4) The coal conservation and the emission reduction by wind power are much greater in high economic growth rate scenario.

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The economics of renewable energy power in China

Yang

Yuan

2021

Clean Techn Environ Policy

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Dynamic Integrated Resource Strategic Planning Model: A Case Study of China’s Power Sector Planning into 2050

Cited by 8 publications

References 11 publications

The Prospective of Nuclear Power in China

The Prospective of Nuclear Power in China

From Generating Cost to Environmental Impact: Comparing Wind Power with Thermal Power

The economics of renewable energy power in China

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