The impact of carbon market on electricity spot market and its coordination mechanism

Abstract

Carbon market and electricity market will play an important role as market mechanisms in implementing the double-carbon goal and building a new type of power system. At present, the national carbon market has been traded online, and the pilot construction of power spot, as the core of electricity market reform, is accelerating. The two markets are closely connected and affect each other, and have a far-reaching impact on the development of the power industry. Starting with the analysis of the relationship between the carbon market and the electricity market, this study introduces the construction progress of China's carbon market, focusing on the impact of China's carbon market on the electricity spot market, including the impact of the carbon market on the trading behavior of spot market participant, market clearing and market operation and puts forward mechanism suggestions to promote the coordinated development of the two market.