气候变化领域集成服务门户(CCPortal): Impacts of renewable portfolio standards on multi-market coupling trading of renewable energy in China: A scenario-based system dynamics model

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DOI	10.1016/j.enpol.2021.112647
	Impacts of renewable portfolio standards on multi-market coupling trading of renewable energy in China: A scenario-based system dynamics model
	Song X.-H.; Han J.-J.; Zhang L.; Zhao C.-P.; Wang P.; Liu X.-Y.; Li Q.-C.
发表日期	2021
ISSN	0301-4215
卷号	159
英文摘要	China implements brand new renewable portfolio standards (RPS) since 2020. Based on the newly issued RPS policy, this paper constructs the system dynamics (SD) model of the multi-market coupling trading system involving the renewable electricity market, the consumption above quota market, and the tradable green certificate (TGC) market. The simulation experiments based on six scenarios are conducted to explore impacts of policy parameters such as RPS quota planning goals, unit penalties, and TGC price ceilings. The results show that: (1) Not only does the new RPS affect the price and transaction volume of the multi-market, but it also promotes renewable power generation in China. (2) The RPS quota planning goals display significant influences on the multi-market stability and renewable energy production growth, but it's not that the higher the quota planning goal, the better its effects. (3) An appropriately higher unit fine compared to the TGC price cap is conducive to moderate market volatility and stimulate market consumer demand. (4) According to the current development of renewable energy in China, the 15% quota planning goal cooperates with a unit fine and a TGC price cap with a proper gap is favorable to achieve market equilibrium and moderately promote renewable energy power generation. © 2021 Elsevier Ltd
英文关键词	Coupling trading of multi-renewable energy products; Policy planning; Renewable portfolio standards; System dynamics
语种	英语
scopus关键词	Renewable energy resources; System theory; Coupling trading of multi-renewable energy product; Energy products; Market coupling; Planning goal; Policy planning; Price caps; Renewable energies; Renewable portfolio standard; System dynamics modelling; Tradable green certificates; Commerce; alternative energy; economic impact; electricity generation; energy market; energy planning; model; standard (regulation); trade; China
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/256470
作者单位	School of Economics and Management, North China Electric Power University, Changping, Beijing 102206, China; Beijing Key Laboratory of New Energy and Low-Carbon Development (North China Electric Power University), Changping, Beijing 102206, China; School of Economics and Management, Beijing Institute of TechnologyBeijing 100081, China
推荐引用方式 GB/T 7714	Song X.-H.,Han J.-J.,Zhang L.,et al. Impacts of renewable portfolio standards on multi-market coupling trading of renewable energy in China: A scenario-based system dynamics model[J],2021,159.
APA	Song X.-H..,Han J.-J..,Zhang L..,Zhao C.-P..,Wang P..,...&Li Q.-C..(2021).Impacts of renewable portfolio standards on multi-market coupling trading of renewable energy in China: A scenario-based system dynamics model.Energy Policy,159.
MLA	Song X.-H.,et al."Impacts of renewable portfolio standards on multi-market coupling trading of renewable energy in China: A scenario-based system dynamics model".Energy Policy 159(2021).