Analysis of Price Mechanisms for Renewable Energy Participation in the Electricity Market: A Comparative Study of Germany and China

2023 6th International Conference on Energy, Electrical and Power Engineering (CEEPE) Pub Date : 2023-05-12 DOI:10.1109/CEEPE58418.2023.10166806

Kaile Zeng, Siwen Zhang, Lizhong Xu, Ke Sun, Qiwen Tang, Yunchu Wang, Xinyue Jiang, Zhenzhi Lin

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Abstract

The growing penetration rate of renewable energy has transformed the operational characteristics of power systems. China's renewable energy sector is facing the challenge of achieving large-scale and high-quality development, and it is urgent to establish an effective price mechanism for renewable energy participation in the power market. A comparative study of the price mechanisms of renewable energy participation in the electricity market of Germany and China is presented in this paper. The price mechanism of renewable energy from various perspectives such as green value, capacity income, electricity energy income, and auxiliary service cost allocation is analyzed. Furthermore, the advantages and disadvantages of China's renewable energy sector participating in the electricity market price mechanism are compared and summarized. Through an analysis of foreign experience in mechanism construction, considerations for the construction and improvement of the electric power market price mechanism in China that involves renewable energy are provided.

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电力市场中可再生能源参与的价格机制分析——德国与中国的比较研究

可再生能源日益增长的渗透率改变了电力系统的运行特性。中国可再生能源产业面临着实现规模化、高质量发展的挑战，迫切需要建立有效的可再生能源参与电力市场的价格机制。本文对中德两国可再生能源参与电力市场的价格机制进行了比较研究。从绿色价值、容量收入、电能收入、辅助服务成本分摊等多个角度分析了可再生能源的价格机制。并对中国可再生能源部门参与电力市场价格机制的利与弊进行了比较和总结。通过对国外机制建设经验的分析，对中国构建和完善涉及可再生能源的电力市场价格机制提出了思考。

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2023 6th International Conference on Energy, Electrical and Power Engineering (CEEPE)

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