气候变化领域集成服务门户(CCPortal): Low or No subsidy? Proposing a regional power grid based wind power feed-in tariff benchmark price mechanism in China

CCPortal

DOI	10.1016/j.enpol.2020.111758
	Low or No subsidy? Proposing a regional power grid based wind power feed-in tariff benchmark price mechanism in China
	Zhang R.; Shimada K.; Ni M.; Shen G.Q.P.; Wong J.K.W.
发表日期	2020
ISSN	03014215
卷号	146
英文摘要	The Chinese government plans to adopt a low or no subsidy policy mechanism on renewable energy power development in the future. To achieve a balance between reducing financial burden on the government and ensuring profitability of investors as well as to account for the regional differences in China, a novel regional wind power grid feed-in tariff benchmark price mechanism by Net Present Value (NPV) method and Real Option (RO) method is proposed in this paper. The results voice support on the appropriateness of gradually decreasing the wind feed-in tariff (FIT) benchmark price to as low as the coal-fired FIT. The proposed FIT price level is presented as a price range on the basis of a guaranteed Internal Rate of Return (IRR) falls in between 8% to 15% for wind power investors. The results indicate that the current FIT price should be readjusted and redistributed. Although the FIT price in Central and South China grids is recommended to be relatively high, the NPV of wind farm project value in six regional grids are at the same level. © 2020 Elsevier Ltd
关键词	Feed-in tariff Net present value Real option Regional power grids
英文关键词	Earnings; Electric power system interconnection; Wind power; Chinese Government; Internal rate of return; Net present value; Policy mechanisms; Regional differences; Regional power grids; Renewable energy power; Wind power grids; Electric power transmission networks; benchmarking; electricity generation; energy market; regional pattern; subsidy system; tariff structure; valuation; wind power; China; Nucleopolyhedrovirus
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/204961
作者单位	Ng Wing Hong Laboratory for Sustainable City, Department of Building and Real Estate, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong; Department of Building and Real Estate, The Hong Kong Polytechnic University, Hung Hom, Kowloon, Hong Kong; Department of Economics, Ritsumeikan UniversityShiga, Japan; Research Organization of Social Science (BKC), Japan; School of Built Environment, Faculty of Design Architecture and Building, University of Technology Sydney, Australia
推荐引用方式 GB/T 7714	Zhang R.,Shimada K.,Ni M.,et al. Low or No subsidy? Proposing a regional power grid based wind power feed-in tariff benchmark price mechanism in China[J],2020,146.
APA	Zhang R.,Shimada K.,Ni M.,Shen G.Q.P.,&Wong J.K.W..(2020).Low or No subsidy? Proposing a regional power grid based wind power feed-in tariff benchmark price mechanism in China.Energy Policy,146.
MLA	Zhang R.,et al."Low or No subsidy? Proposing a regional power grid based wind power feed-in tariff benchmark price mechanism in China".Energy Policy 146(2020).