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Study on the Implementation Pathways and Key Impacts of RPS Target in China using a Dynamic Game-Theoretical Equilibrium Power Market Model
Academy of China Energy Strategy, China University of Petroleum-Beijing, Changping, Beijing, China.
Academy of China Energy Strategy, China University of Petroleum-Beijing, Changping, Beijing, China.
Mälardalen University, School of Business, Society and Engineering, Future Energy Center.ORCID iD: 0000-0002-6279-4446
Academy of China Energy Strategy, China University of Petroleum-Beijing, Changping, Beijing, China.
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2017 (English)In: Energy Procedia, ISSN 1876-6102, E-ISSN 1876-6102, Vol. 105, p. 3844-3849Article in journal (Refereed) Published
Abstract [en]

China's 2020 Renewable Portfolio Standards (RPS) target has been published by the government in early 2016. In the present study, in order to find its implementation pathways and estimate the key impacts of PRS target out to 2030, a multi-region power market model is proposed to investigate different RPS policy scenarios. Results show that RPS policy can promote the development of renewable energy efficiently, and Renewable Energy Certification (REC) trade can reduce the cost of electricity generated from renewable energy. However, a national wide free REC trade tends to result in a dilemma that renewable energy will be developed centralizedly in regions where the renewable resource is plenty. Therefore, detailed REC trade regulations need to be developed from more comprehensive viewpoints when adopting RPS policy. 

Place, publisher, year, edition, pages
2017. Vol. 105, p. 3844-3849
National Category
Energy Engineering
Identifiers
URN: urn:nbn:se:mdh:diva-37561DOI: 10.1016/j.egypro.2017.03.784Scopus ID: 2-s2.0-85020720089OAI: oai:DiVA.org:mdh-37561DiVA, id: diva2:1169137
Conference
8th International Conference on Applied Energy, ICAE 2016, 8 October 2016 through 11 October 2016
Available from: 2017-12-22 Created: 2017-12-22 Last updated: 2018-01-02Bibliographically approved

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