Research on market bidding mechanism of generation rights trade for promoting new energy consumption

Xue, Bike; Qi, Tianxing; Zhang, Wei; Li, Yan; Wang, Xiuli

doi:10.1049/joe.2017.0557

Cited by 9 publications

(3 citation statements)

References 2 publications

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“…Since local governments generally refuse to receive outside-zone RES power sources, owing to the protection of traditional thermal power generation [29], energy power generators are confronted with colossal risks by participating in competitive inter-regional power market transactions directly [26], but this new energy cooperative manner requires a regional government to take the lead in guiding market participants by a scientific energy development strategy to avoid a failure of the trading market [30]. When the trading conditions are gradually mature, the power generators participating in the market's bidding transactions will integrate into the market's trading environment easily [31]. Sun et al analyzed the benefits of trans-regional power trading from the perspective of the amount of coal-fired energy saved, the amount of the economic earnings, and the reduction in pollution [32], which promoted the grid connection of RES such as hydropower and wind power [33].…”

Section: Introductionmentioning

confidence: 99%

“…Previous studies have focused on issues such as the technical strategy scheduling of different energy generations [1,11,[16][17][18][19][20][21][22][23]25,27] and regional environmental and energy efficiency evaluations [2,6,7,24,35]. In terms of generation right replacement (regional or non-regional level) [26,[31][32][33][34]36], existing studies chiefly concentrate on the benefit change and energy-development efficiency under a static game, but the region as the lead decision-making subject and the dynamic change process of the cooperative strategy/mode in power-generation replacement have been given insufficient attention. Peculiarly, few studies have included RPS policy into the game framework between traditional thermal power and RES energy [30].…”

Section: Introductionmentioning

confidence: 99%

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A Study on Inter-Regional Cooperation Patterns and Evolution Mechanism of Traditional and Renewable Energy Sources

2022

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To obtain the early realization of carbon peak and carbon neutrality in China, this study explores the cooperative relationship of inter-regional energy power-generation substitution between regions dominated by traditional thermal power and renewable energy sources (RES). By taking a regional government as the decision-making subject, focused on interest and environmental factors, an evolutionary game model of inter-regional energy cooperation is structured, and a simulation platform of the two different power-generation replacement cooperative patterns/strategies is constructed by using system dynamics. Then, the influences of the sensitive parameters on the cooperative evolutionary path under symmetric and asymmetric sharing cost cases have been discussed based on practical example in the regions of China. The results imply that agents can only select the favorable cooperative strategies unilaterally, by choosing a strategy of sharing the environmental revenues rather than the cooperative costs. When the failure cost of the opportunity revenues is less than or equal to the RES power-generation cost, a traditional thermal power regional government adopts a cooperative no-sharing strategy, while an RES regional government selects the opposite strategy. However, under the optimized dynamic proportional allocation schema, it is more likely that the traditional thermal power regional government will prefer cooperative sharing strategies, which can promote the social value of RES. This study provides beneficial inspiration for the Chinese government to further improve its RPS policy. The RES consumption fulfilled by direct or indirect trans-regional energy cooperation can be included in the RPS index framework assigned to traditional thermal power energy regions, and the added environmental value should be regarded as being as crucial as the economic and energy factors are in the cooperative process. In addition, RES regions that contribute more to clean energy absorption should raise the weight of the RPS rewards.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

A Study on Inter-Regional Cooperation Patterns and Evolution Mechanism of Traditional and Renewable Energy Sources

2022

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“…Power generation rights trading between thermal power enterprises and wind power plants is an efficient method to meet the demands of wind power development, which can considerably improve the consumption of new energy and improve thermal power units for the greater good [27]. Power generation rights trading among new energy and self-generating stations is effective [28].…”

Section: Introductionmentioning

confidence: 99%

An Operation Benefit Analysis and Decision Model of Thermal Power Enterprises in China against the Background of Large-Scale New Energy Consumption

et al. 2020

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With the continuous increase in new energy installed capacity, the slowdown in the growth of social power consumption, the pressure created by high coal prices, and the reduction in on-grid electricity tariffs, the challenges facing the survival and development of thermal power generation enterprises are becoming more severe. Hence, based on the cost–benefit analysis method, this paper proposes a diversified operating benefit analysis and decision model for thermal power generation enterprises that includes four profit models: power sales, peak load regulation (without oil), peak load regulation (with oil), and generation right trading. The opportunity cost of peak load regulation and generation rights trading was considered, and six scenarios were designed. An empirical analysis was conducted by selecting a thermal power enterprise in Ningxia, Northwest China, as an example, using scenario and sensitivity analyses. The results show that under the diversified business model, thermal power generation enterprises can more effectively avoid the risks when the external environment changes and significantly improve its economic benefits. The consumption of new energy can be promoted, and positive social effects will be achieved. Therefore, the findings will help the thermal power generation enterprises to face these challenges.

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Risk-based optimal power portfolio methodology for generation companies considering cross-region generation right trade

Shang

Ding

et al. 2019

Applied Energy

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Research on market bidding mechanism of generation rights trade for promoting new energy consumption

Cited by 9 publications

References 2 publications

A Study on Inter-Regional Cooperation Patterns and Evolution Mechanism of Traditional and Renewable Energy Sources

A Study on Inter-Regional Cooperation Patterns and Evolution Mechanism of Traditional and Renewable Energy Sources

An Operation Benefit Analysis and Decision Model of Thermal Power Enterprises in China against the Background of Large-Scale New Energy Consumption

Risk-based optimal power portfolio methodology for generation companies considering cross-region generation right trade

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