IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v14y2022i17p10498-d895420.html
   My bibliography  Save this article

Regional Renewable Energy Installation Optimization Strategies with Renewable Portfolio Standards in China

Author

Listed:
  • Yuanyuan He

    (School of Economics and Management, Qingdao University of Science and Technology, Qingdao 266061, China)

  • Luxin Wan

    (School of Economics and Management, Qingdao University of Science and Technology, Qingdao 266061, China)

  • Manli Zhang

    (School of Economics and Management, Qingdao University of Science and Technology, Qingdao 266061, China)

  • Huijuan Zhao

    (School of Economics and Management, Qingdao University of Science and Technology, Qingdao 266061, China)

Abstract

In this paper, we provide theoretical and policy support for quota-allocation strategies based on a national unified renewable energy (RE) power market. Renewable portfolio standards (RPSs) are of great significance in promoting the stable development of renewable energy and improving power market decision making in China’s power industry. To resolve the geographical, resource allocation, and power-grid problems of multi-regional RE power generation, we constructed a regional distribution optimization model with the lowest cost under the RPS policy and designed a set of dynamic distribution mechanisms based on the renewable energy power quota index. The results show that it is necessary to prioritize development of wind-generated power on the North China and Northeast Power Grids, solar energy on the Northwest Power Grid, and biomass energy generation on grids in other regions to plan specific task undertakings and allocate RE power generation to each grid. We propose a multi-regional power distribution model at the lowest cost under the RPS policy to provide solutions and references for renewable energy power market quota allocation.

Suggested Citation

  • Yuanyuan He & Luxin Wan & Manli Zhang & Huijuan Zhao, 2022. "Regional Renewable Energy Installation Optimization Strategies with Renewable Portfolio Standards in China," Sustainability, MDPI, vol. 14(17), pages 1-18, August.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:17:p:10498-:d:895420
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/14/17/10498/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/14/17/10498/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Niu, Dongxiao & Ji, Zhengsen & Li, Wanying & Xu, Xiaomin & Liu, Da, 2021. "Research and application of a hybrid model for mid-term power demand forecasting based on secondary decomposition and interval optimization," Energy, Elsevier, vol. 234(C).
    2. Wang, Hongye & Su, Bin & Mu, Hailin & Li, Nan & Gui, Shusen & Duan, Ye & Jiang, Bo & Kong, Xue, 2020. "Optimal way to achieve renewable portfolio standard policy goals from the electricity generation, transmission, and trading perspectives in southern China," Energy Policy, Elsevier, vol. 139(C).
    3. Jing-Li Fan & Qian Wang & Xian Zhang, 2021. "A bibliometric analysis of the water-energy-food nexus based on the SCIE and SSCI database of the Web of Science," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 26(2), pages 1-26, February.
    4. Bhattacharya, Suparna & Giannakas, Konstantinos & Schoengold, Karina, 2017. "Market and welfare effects of renewable portfolio standards in United States electricity markets," Energy Economics, Elsevier, vol. 64(C), pages 384-401.
    5. Martelli, Emanuele & Freschini, Marco & Zatti, Matteo, 2020. "Optimization of renewable energy subsidy and carbon tax for multi energy systems using bilevel programming," Applied Energy, Elsevier, vol. 267(C).
    6. Elkadeem, M.R. & Younes, Ali & Sharshir, Swellam W. & Campana, Pietro Elia & Wang, Shaorong, 2021. "Sustainable siting and design optimization of hybrid renewable energy system: A geospatial multi-criteria analysis," Applied Energy, Elsevier, vol. 295(C).
    7. Cosic, Armin & Stadler, Michael & Mansoor, Muhammad & Zellinger, Michael, 2021. "Mixed-integer linear programming based optimization strategies for renewable energy communities," Energy, Elsevier, vol. 237(C).
    8. Wang, Ge & Zhang, Qi & Mclellan, Benjamin C. & Li, Hailong, 2016. "Multi-region optimal deployment of renewable energy considering different interregional transmission scenarios," Energy, Elsevier, vol. 108(C), pages 108-118.
    9. Lei, Yang & Wang, Dan & Jia, Hongjie & Li, Jiaxi & Chen, Jingcheng & Li, Jingru & Yang, Zhihong, 2021. "Multi-stage stochastic planning of regional integrated energy system based on scenario tree path optimization under long-term multiple uncertainties," Applied Energy, Elsevier, vol. 300(C).
    10. Li, Tianxiao & Li, Zheng & Li, Weiqi, 2020. "Scenarios analysis on the cross-region integrating of renewable power based on a long-period cost-optimization power planning model," Renewable Energy, Elsevier, vol. 156(C), pages 851-863.
    11. Cho, Seolhee & Kim, Jiyong, 2019. "Multi-site and multi-period optimization model for strategic planning of a renewable hydrogen energy network from biomass waste and energy crops," Energy, Elsevier, vol. 185(C), pages 527-540.
    12. Li, Shenglin & Zhu, Jizhong & Dong, Hanjiang & Zhu, Haohao & Fan, Junwei, 2022. "A novel rolling optimization strategy considering grid-connected power fluctuations smoothing for renewable energy microgrids," Applied Energy, Elsevier, vol. 309(C).
    13. Xu, Jie & Lv, Tao & Hou, Xiaoran & Deng, Xu & Liu, Feng, 2021. "Provincial allocation of renewable portfolio standard in China based on efficiency and fairness principles," Renewable Energy, Elsevier, vol. 179(C), pages 1233-1245.
    14. Ogunmodede, Oluwaseun & Anderson, Kate & Cutler, Dylan & Newman, Alexandra, 2021. "Optimizing design and dispatch of a renewable energy system," Applied Energy, Elsevier, vol. 287(C).
    15. Potrč, Sanja & Čuček, Lidija & Martin, Mariano & Kravanja, Zdravko, 2021. "Sustainable renewable energy supply networks optimization – The gradual transition to a renewable energy system within the European Union by 2050," Renewable and Sustainable Energy Reviews, Elsevier, vol. 146(C).
    16. Li, Xiaozhu & Wang, Weiqing & Wang, Haiyun, 2021. "A novel bi-level robust game model to optimize a regionally integrated energy system with large-scale centralized renewable-energy sources in Western China," Energy, Elsevier, vol. 228(C).
    17. Fan, Jing-Li & Wang, Jia-Xing & Hu, Jia-Wei & Wang, Yu & Zhang, Xian, 2019. "Optimization of China’s provincial renewable energy installation plan for the 13th five-year plan based on renewable portfolio standards," Applied Energy, Elsevier, vol. 254(C).
    18. Yu, Biying & Zhao, Zihao & Zhao, Guangpu & An, Runying & Sun, Feihu & Li, Ru & Peng, Xiaohan, 2021. "Provincial renewable energy dispatch optimization in line with Renewable Portfolio Standard policy in China," Renewable Energy, Elsevier, vol. 174(C), pages 236-252.
    19. Song, Xiao-hua & Han, Jing-jing & Zhang, Lu & Zhao, Cai-ping & Wang, Peng & Liu, Xiao-yan & Li, Qiao-chu, 2021. "Impacts of renewable portfolio standards on multi-market coupling trading of renewable energy in China: A scenario-based system dynamics model," Energy Policy, Elsevier, vol. 159(C).
    20. Ashish Gulagi & Dmitrii Bogdanov & Christian Breyer, 2017. "A Cost Optimized Fully Sustainable Power System for Southeast Asia and the Pacific Rim," Energies, MDPI, vol. 10(5), pages 1-25, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Muwei Xi & Dingqing Wang & Ye Xiang, 2023. "Fiscal Expenditure on Sports and Regional Carbon Emissions: Evidence from China," Sustainability, MDPI, vol. 15(9), pages 1-15, May.
    2. Batara Surya & Patmawaty Taibe & Syahrul Sariman & Hernita Hernita & Agus Salim & Nasrullah Nasrullah & Arie Gunawan Hazairin Zubair, 2023. "Renewable Energy Utilization and Environmental Pollution Control in the New City Area Mamminasata Metropolitan, Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 213-226, January.
    3. Dongdong Song & Yuewen Liu & Tianbao Qin & Hongsong Gu & Yang Cao & Hongjun Shi, 2022. "Overview of the Policy Instruments for Renewable Energy Development in China," Energies, MDPI, vol. 15(18), pages 1-14, September.
    4. Honglei Shi & Guiling Wang & Wei Zhang & Feng Ma & Wenjing Lin & Menglei Ji, 2023. "Predicting the Potential of China’s Geothermal Energy in Industrial Development and Carbon Emission Reduction," Sustainability, MDPI, vol. 15(9), pages 1-16, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zeng, Lijun & Du, Wenjing & Zhao, Laijun & Zhan, Yanhong, 2023. "An inter-provincial transfer fee model under renewable portfolio standard policy," Energy, Elsevier, vol. 277(C).
    2. Xu, Jie & Lv, Tao & Hou, Xiaoran & Deng, Xu & Liu, Feng, 2021. "Provincial allocation of renewable portfolio standard in China based on efficiency and fairness principles," Renewable Energy, Elsevier, vol. 179(C), pages 1233-1245.
    3. He, Yong & Zeng, Zhaoai & Liao, Nuo, 2024. "Multi-objective optimization of regional power generation mix considering both carbon cap-and-trade mechanisms and renewable portfolio standards," Renewable Energy, Elsevier, vol. 231(C).
    4. Zeng, Lijun & Wang, Jiafeng & Zhao, Laijun, 2022. "An inter-provincial tradable green certificate futures trading model under renewable portfolio standard policy," Energy, Elsevier, vol. 257(C).
    5. Bangjun, Wang & Feng, Zhaolei & Feng, Ji & Yu, Pan & Cui, Linyu, 2022. "Decision making on investments in photovoltaic power generation projects based on renewable portfolio standard: Perspective of real option," Renewable Energy, Elsevier, vol. 189(C), pages 1033-1045.
    6. Hu, Yu & Chi, Yuanying & Zhao, Hao & Zhou, Wenbing, 2022. "The development of renewable energy industry under renewable portfolio standards: From the perspective of provincial resource differences," Energy Policy, Elsevier, vol. 170(C).
    7. Kang, Jidong & Wu, Zhuochun & Ng, Tsan Sheng & Su, Bin, 2023. "A stochastic-robust optimization model for inter-regional power system planning," European Journal of Operational Research, Elsevier, vol. 310(3), pages 1234-1248.
    8. Bo Shang, 2024. "Cooperation and Profit Allocation Mechanism of Traditional and New Energy Complementary Power Generation: A Framework for Renewable Portfolio Standards," Sustainability, MDPI, vol. 16(20), pages 1-27, October.
    9. Li, Tianyu & Gao, Ciwei & Chen, Tao & Jiang, Yu & Feng, Yingchun, 2022. "Medium and long-term electricity market trading strategy considering renewable portfolio standard in the transitional period of electricity market reform in Jiangsu, China," Energy Economics, Elsevier, vol. 107(C).
    10. Fang, Yujuan & Wei, Wei & Mei, Shengwei, 2022. "How dynamic renewable portfolio standards impact the diffusion of renewable energy in China? A networked evolutionary game analysis," Renewable Energy, Elsevier, vol. 193(C), pages 778-788.
    11. Ahmad Alzahrani, 2023. "Energy Management and Optimization of a Standalone Renewable Energy System in Rural Areas of the Najran Province," Sustainability, MDPI, vol. 15(10), pages 1-16, May.
    12. Bai, Bo & Wang, Yihan & Fang, Cong & Xiong, Siqin & Ma, Xiaoming, 2021. "Efficient deployment of solar photovoltaic stations in China: An economic and environmental perspective," Energy, Elsevier, vol. 221(C).
    13. Shangjia Wang & Wenhui Zhao & Shuwen Fan & Lei Xue & Zijuan Huang & Zhigang Liu, 2022. "Is the Renewable Portfolio Standard in China Effective? Research on RPS Allocation Efficiency in Chinese Provinces Based on the Zero-Sum DEA Model," Energies, MDPI, vol. 15(11), pages 1-18, May.
    14. Zhao, Chuandang & Wang, Fengjuan, 2024. "Economy-equity equilibrium based bi-level provincial renewable portfolio standard target allocation: Perspective from China," Energy, Elsevier, vol. 290(C).
    15. Ying, Zhou & Xin-gang, Zhao & Xue-feng, Jia & Zhen, Wang, 2021. "Can the Renewable Portfolio Standards improve social welfare in China's electricity market？," Energy Policy, Elsevier, vol. 152(C).
    16. Ying, Zhou & Xin-gang, Zhao & Lei, Xu, 2022. "Supply side incentive under the Renewable Portfolio Standards: A perspective of China," Renewable Energy, Elsevier, vol. 193(C), pages 505-518.
    17. Xu, Jiuping & Yang, Guocan & Wang, Fengjuan & Shu, Kejing, 2022. "A provincial renewable portfolio standards-based distribution strategy for both power plant and user: A case study from Guangdong, China," Energy Policy, Elsevier, vol. 165(C).
    18. Li, Yuxuan & Zhang, Junli & Wu, Xiao & Shen, Jiong & Maréchal, François, 2023. "Stochastic-robust planning optimization method based on tracking-economy extreme scenario tradeoff for CCHP multi-energy system," Energy, Elsevier, vol. 283(C).
    19. Yang, Yan-Shen & Xie, Bai-Chen & Tan, Xu, 2024. "Impact of green power trading mechanism on power generation and interregional transmission in China," Energy Policy, Elsevier, vol. 189(C).
    20. Hailin Mu & Zhewen Pei & Hongye Wang & Nan Li & Ye Duan, 2022. "Optimal Strategy for Low-Carbon Development of Power Industry in Northeast China Considering the ‘Dual Carbon’ Goal," Energies, MDPI, vol. 15(17), pages 1-22, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:14:y:2022:i:17:p:10498-:d:895420. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.