Overview and Prospect of New Power System Research in China

With the low-carbon transformation of the new power system, stochastic and volatile power sources such as wind power and photovoltaic power replace deterministic controllable power sources such as thermal power, and the electricity market reform continues to advance, bringing challenges to power grid regulation and flexible operation. Therefore, this paper summarizes the current situation, challenges and possible future development direction of the new power system. Firstly, the definition of new power system is explained. Then, as the main component of the new power system, the “source-grid-load-storage” architecture is introduced. Then, it discusses the elasticity of the new power system and the development status of the electricity market. Finally, it gives prospect to the problems to be further explored in the new power system, providing reference for the development of the new power system.