Participation Mechanism of Renewable Energy in the Electricity Market in Denmark and Its Implications for China

doi:10.11930/j.issn.1004-9649.201708219

Abstract

Abstract: The integration of renewable energy is increasingly becoming a critical issue in China. With the new round of electricity market reform in China, it has attracted wide attention how to use the market to facilitate the renewable energy integration. The key issues are how renewable energy participates in the electricity market and how the market balances the fluctuations of renewable energy. Most of the foreign countries with high penetration of renewable energy have mature electricity markets and have accumulated rich experiences on integration of renewable energy in the market. An in-depth analysis of the foreign countries' experience on participation of renewable energy in the electricity market can provide valuable reference for China to integrate the renewable energy and build the electricity market. Denmark is selected as a representative of Europe to study the participation mechanism of renewable energy in the electricity market and its implications for China. The power system and renewable energy development in Denmark is firstly introduced, and then the market structure and rules are analyzed, based on which the participation mechanism of renewable energy in the electricity market are studied. Finally, the implications of Demark experience for China are proposed considering the renewable energy policy and electricity market reform in China.

Key words: renewable energy, electricity market, policy, balancing market, balancing power

CLC Number:

TM835

WANG Caixia, LI Ziqian, LI Qionghui, Kaare Sandholt, LEI Xuejiao, WANG Jiangbo. Participation Mechanism of Renewable Energy in the Electricity Market in Denmark and Its Implications for China[J]. Electric Power, 2018, 51(9): 143-150.

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URL: https://www.electricpower.com.cn/EN/10.11930/j.issn.1004-9649.201708219

https://www.electricpower.com.cn/EN/Y2018/V51/I9/143

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