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Reforming the Operation Mechanism of Chinese Electricity System: Benefits, Challenges and Possible Solutions

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. Green open access

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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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