Benefit evaluation and mechanism design of pumped storage plants under the background of power market reform - A case study of China

• Published in: Renewable energy Vol. 191; pp. 796 - 806
• Main Authors: He, YongXiu, Liu, Yang, Li, MoXing, Zhang, Yan
• Format: Journal Article
• Language: English
• Published: Elsevier Ltd 01.05.2022
• Subjects: Benefit evaluation; case studies; China; China Power market; decision making; electricity; electricity costs; Electricity price mechanism; energy; income; issues and policy; markets; Policy impact; prices; Pumped storage plant; renewable energy sources; China; China Power market; Benefit evaluation; Pumped storage plant; Policy impact; Electricity price mechanism

Pumped storage plant can help promote the low-carbon transformation of China's power system because of its fast response and energy time shift. Based on the pumped storage electricity price mechanism and conforming to the construction law of China's spot power market, this paper establishe...