E3S Web Conf.
Volume 252, 20212021 International Conference on Power Grid System and Green Energy (PGSGE 2021)
|Number of page(s)||4|
|Section||Power Control Technology and Smart Grid Application|
|Published online||23 April 2021|
The impacts of introducing carbon prices in the electricity market under China’s carbon neutrality goal
School of Electric Power Engineering, South China University of Technology, Guangzhou 510640, Guangdong Province, China
* Corresponding author: email@example.com
The world’s energy system is undergoing an evolution from high-carbon to low-carbon. The Chinese government has also proposed the carbon neutral plan. Foreign practical experience shows that there is an interaction between the carbon market and the electricity market, therefore, understanding the relationship between the two markets is essential to ensure the efficient operation of both markets. In the context of China's power market reform, this paper studies the impact of introducing carbon prices into the wholesale market, and conducts a case study based on the data of a certain area in GD province. The results show that after the carbon price is transmitted to the electricity price, the more low-carbon and environmentally friendly power generation technologies will gain greater advantages in the electricity market, which is conducive to the clean energy transformation of the power system. Finally, this paper puts forward feasible suggestions for the reform of the electricity market under China’s carbon emission reduction target.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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