Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)

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Comparison of Domestic and Foreign Hydropower Consumption Mechanisms and Implications for Hydropower Participation in the Power Market in China

Authors
Luyu Ma1, 2, *, Junhui Wu1, Yuxin Zhang1, Jianhua Yang3
1School of Electrical and Electronic Engineering, Huazhong University of Science and Technology, Wuhan, China
2China-EU Institute for Clean and Renewable Energy, Wuhan, China
3Central China Branch of State Grid Corporation of China, Wuhan, China
*Corresponding author. Email: luyu_ma@hust.edu.cn
Corresponding Author
Luyu Ma
Available Online 29 March 2023.
DOI
10.2991/978-94-6463-124-1_73How to use a DOI?
Keywords
hydropower; clean energy; consumption mechanism; spot market
Abstract

As a mature clean energy source, the market-based consumption of hydropower can give full play to its flexibility, which is in line with the trend of power market reform and is also an important way to realize the “carbon neutral” strategy. Hubei is a province with abundant hydropower resources and is one of the pilot provinces of electricity spot market of the second batch at the same time. Therefore, it is vital to study how hydropower enters the spot market. This paper compares the mechanisms of hydropower participation in the market at home and abroad. On this basis, three viable mechanisms for hydropower units to participate in spot market in Hubei are proposed. Besides, the advantages and disadvantages of different feasible ways and the scope of application of the corresponding units are analyzed, and relevant suggestions on the deviation settlement are also given.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 March 2023
ISBN
10.2991/978-94-6463-124-1_73
ISSN
2352-5428
DOI
10.2991/978-94-6463-124-1_73How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Luyu Ma
AU  - Junhui Wu
AU  - Yuxin Zhang
AU  - Jianhua Yang
PY  - 2023
DA  - 2023/03/29
TI  - Comparison of Domestic and Foreign Hydropower Consumption Mechanisms and Implications for Hydropower Participation in the Power Market in China
BT  - Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
PB  - Atlantis Press
SP  - 635
EP  - 646
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-124-1_73
DO  - 10.2991/978-94-6463-124-1_73
ID  - Ma2023
ER  -