A mechanism to overcome barriers to inter-provincial power supply substitution in China

Shunran Ye, Yichao Meng, Shuhai Feng, Shuo Liu and Xinhua Zhang

Utilities Policy, 2024, vol. 88, issue C

Abstract: Inter-provincial barriers hinder the optimization process of power resource allocation, resulting in a coexistence of idle low-cost power plants and high-cost power plants within the region. This paper investigates the size measurement and elimination of interprovincial barriers. It also proposes a specific program for regional unified electricity market clearing and eliminating inter-provincial barriers. The results indicate that this mechanism enables power supply substitution without causing harm to market players and overcomes inter-provincial barriers to optimal resource allocation. It promotes the rational allocation of power resources and reduces power supply costs within the region.

Keywords: Electricity substitution; Power supply cost savings; Pareto optimization (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:juipol:v:88:y:2024:i:c:s0957178724000468

DOI: 10.1016/j.jup.2024.101753

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