Study on the Implementation Pathways and Key Impacts of RPS Target in China using a Dynamic Game-Theoretical Equilibrium Power Market Model
نویسندگان
چکیده
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.
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