Open AccessDesign of flexibility mechanism for electricity market to promote the consumption of new energy
Author(s) -
Fang Yin,
Yi Xie,
Yichuan Shi
Publication year - 2021
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/766/1/012003
Subject(s) - flexibility (engineering) , mechanism (biology) , energy consumption , consumption (sociology) , environmental economics , electricity , wind power , market mechanism , energy market , electricity market , industrial organization , business , economics , market economy , engineering , electrical engineering , social science , philosophy , management , epistemology , sociology
With the development of new energy, it is an irresistible trend for the demand side to consume new energy on a large scale and in a high proportion. At present, China’s installed capacity of new energy is growing rapidly, but the flexibility of the power system is insufficient, new energy consumption is difficult, and a large number of abandoned wind and light phenomena appear. In view of the high proportion of new energy consumption in the current environment, this paper designs the overall framework of the flexibility mechanism of the power market to promote new energy consumption, and puts forward the benefits of various market mechanisms in improving flexibility and promoting new energy consumption. Based on each market mechanism, the contribution index is put forward, the role of each market mechanism is analyzed quantitatively, and the considerable benefit of the market flexibility mechanism in promoting the consumption of new energy is proved by an example.