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How Policies Guide and Promoted Wind Power to Market Transactions in China during the 2010s

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  • Shuo Zhang

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China
    Beijing Key Laboratory of New Energy and Low-Carbon Development, North China Electric Power University, Beijing 102206, China)

  • Li Chen

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

  • Yidan Zheng

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

  • Yingzi Li

    (School of Economics and Management, University of Science and Technology Beijing, Beijing 100083, China)

  • Ying Li

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

  • Ming Zeng

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China)

Abstract

Chinese wind power policies have productively promoted the development of wind power and also promoted the process of wind power participation in electricity market transactions. However, with policy emphasis on investment and neglect of utilization, there have been some difficulties in the development of Chinese wind power. To highlight the guiding role of policy and improve the wind power policy system, an analysis of Chinese wind power policies is conducted in this paper. First, aiming at the main components of wind power chain, including wind power construction, grid connection, transmission, and sales, a comprehensive and systematic frame of Chinese wind power policy system is proposed from the three aspects of development planning, administrative management and market transactions. Second, the indicator system of Chinese wind power development effectiveness is extracted, including installed capacity, power generation, power utilization hours, carbon emission reduction, investment, on-grid power price, wind curtailment rate, etc., and the effectiveness of policy implementation is verified. Third, new policy recommendations are proposed from parts of transmission, consumption, and market, for the development of Chinese wind power industry in the 14th Five-Year Plan period and the goal to reach the crest value of carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. In this paper, advice to supplement and improve the Chinese wind power policy system is provided, which may it promote better development of Chinese wind power in the following decade from the policy point of view.

Suggested Citation

  • Shuo Zhang & Li Chen & Yidan Zheng & Yingzi Li & Ying Li & Ming Zeng, 2021. "How Policies Guide and Promoted Wind Power to Market Transactions in China during the 2010s," Energies, MDPI, vol. 14(14), pages 1-24, July.
    • Handle: RePEc:gam:jeners:v:14:y:2021:i:14:p:4096-:d:590007
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