Chen, H;
Chyong, CK;
Mi, Z;
Wei, Y-M;
(2020)
Reforming the Operation Mechanism of Chinese Electricity System: Benefits, Challenges and Possible Solutions.
The Energy Journal
, 41
(2)
pp. 219-245.
10.5547/01956574.41.2.hche.
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Abstract
A new wave of electricity market reform was launched by the Chinese government in March 2015, and one of its major objectives was to optimize the power system operation by reforming the low-efficient equal share dispatch mechanism. To provide scientific decision-making support for the current reform, we establish a mixed-integer linear programming optimization model to simulate the post-reform results, and the reform benefits are subsequently estimated by comparing those results with the pre-reform results. Then, we develop a political economy framework to identify the challenges associated with implementation of economic dispatch. At last, we propose several regulatory and market measures to address these identified challenges.
| Type: | Article |
|---|---|
| Title: | Reforming the Operation Mechanism of Chinese Electricity System: Benefits, Challenges and Possible Solutions |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.5547/01956574.41.2.hche |
| Publisher version: | https://doi.org/10.5547/01956574.41.2.hche |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisherís terms and conditions. |
| Keywords: | Power system operation, Economic dispatch, China, MILP, Optimization |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of the Built Environment > The Bartlett Sch of Const and Proj Mgt |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10093796 |
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