Electric Power ›› 2020, Vol. 53 ›› Issue (6): 114-123.DOI: 10.11930/j.issn.1004-9649.201905026

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Impact Analysis of Market-Driented Carbon Emission Reduction Policies in Power Generation Industry Based on System Dynamics

ZHANG Jinliang, ZHOU Xiuxiu   

  1. School of Economics and Management, North China Electric Power University, Beijing 102206, China
  • Received:2019-05-06 Revised:2019-12-19 Published:2020-06-05
  • Supported by:
    This work is supported by National Natural Science Foundation of China (Research on Optimization of Market-oriented Policy Tool Combination for Carbon Emission Reduction of Power Generation Enterprises, No.71774054) and Special Funds for Basic Scientific Research Business in Central Colleges and Universities (Research on the Influence and Optimization of Different Policies on Carbon Emission Reduction in Power Generation Industry, No.2019MS055)

Abstract: Under the background of carbon emission reduction and electricity market reform, the market-based carbon emission reduction policy in power generation industry has a significant impact on the process of electricity market reform and the effect of carbon emission reduction. For this reason, by taking the market-based carbon emission reduction policy in power generation industry as a research object, this paper constructs a system dynamics model based on green certificate trading market, carbon emission trading market, generation right trading market and power market, and analyzes the impact of different policy scenarios on carbon emission reduction and power market. The results indicate that the green certificate trading market has a significant role in promoting the development of renewable energy; the carbon emission trading market has a restraining effect on the development of thermal power, and increases the feed-in tariffs; the generation right trading market can alleviate the rise of electricity price and carbon price, but it will impact the green certificate market, resulting in the decline of green certificate price.

Key words: power generation industry, carbon emission reduction policy, system dynamics, carbon emission