TY - GEN
T1 - Analysis of the Status Quo and Coupling Mechanisms of the Ancillary Services Market with Carbon Market, Green Certificate Market and Green Electricity Market Under the Green Energy Transformation
AU - Wang, Jiahao
AU - Ma, Hengrui
AU - Wang, Bo
AU - Alharbi, Abdullah
AU - Wang, Hongxia
AU - Li, Xiaozhu
N1 - Publisher Copyright:
© 2024, State Grid Electric Power.
PY - 2024
Y1 - 2024
N2 - Against the backdrop of the “dual carbon” goal and the green of energy transformation, the volatility and randomness issues of the new power system dominated by wind and solar power are becoming increasingly prominent, affecting the safe and stable operation of the power system. Therefore, the role of auxiliary services in promoting the use of alternative energy sources and ensuring power quality is becoming increasingly. In this context, this article summarizes and organizes the current development and operations status of the auxiliary services market, carbon market, green certificate market, and green electricity market in mature foreign markets, as well as the experience that can be used for reference. It also sorts out the relationship between the interaction and influence of the auxiliary services market and various other markets. Finally, based on the practical needs for market development to facilitate China’s green energy transformation, development recommendations are provided for the design of the auxiliary services market and various market coupling mechanisms, to fully leverage the synergistic effect of the auxiliary services market with the carbon market, green certificate market, and green electricity market, support China's green energy transformation.
AB - Against the backdrop of the “dual carbon” goal and the green of energy transformation, the volatility and randomness issues of the new power system dominated by wind and solar power are becoming increasingly prominent, affecting the safe and stable operation of the power system. Therefore, the role of auxiliary services in promoting the use of alternative energy sources and ensuring power quality is becoming increasingly. In this context, this article summarizes and organizes the current development and operations status of the auxiliary services market, carbon market, green certificate market, and green electricity market in mature foreign markets, as well as the experience that can be used for reference. It also sorts out the relationship between the interaction and influence of the auxiliary services market and various other markets. Finally, based on the practical needs for market development to facilitate China’s green energy transformation, development recommendations are provided for the design of the auxiliary services market and various market coupling mechanisms, to fully leverage the synergistic effect of the auxiliary services market with the carbon market, green certificate market, and green electricity market, support China's green energy transformation.
KW - Auxiliary services market
KW - Carbon trading market
KW - Green certificate market
KW - Green electricity market
KW - Market coupling
UR - http://www.scopus.com/inward/record.url?scp=85181978795&partnerID=8YFLogxK
U2 - 10.1007/978-981-99-9251-5_14
DO - 10.1007/978-981-99-9251-5_14
M3 - Conference contribution
AN - SCOPUS:85181978795
SN - 9789819992508
T3 - Lecture Notes in Electrical Engineering
SP - 173
EP - 187
BT - Proceedings of the 8th PURPLE MOUNTAIN FORUM on Smart Grid Protection and Control (PMF2023)
A2 - Xue, Yusheng
A2 - Zheng, Yuping
A2 - Gómez-Expósito, Antonio
PB - Springer Science and Business Media Deutschland GmbH
T2 - 8th Purple Mountain Forum on Smart Grid Protection and Control, PMF 2023
Y2 - 11 August 2023 through 13 August 2023
ER -
