Research on the Changing Trends in Electricity Prices in Gansu Province Considering High Future Penetration of Sustainable Energy

Rong Huang, Xiang Wang (), Tian Liang, Jing Zhi, Yongsheng Jin, Jiaxin Qian and Haibo Li
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Rong Huang: State Grid Gansu Electric Power Research Institute, Lanzhou 730070, China
Xiang Wang: Sichuan Energy Internet Research Institute, Tsinghua University, Chengdu 610213, China
Tian Liang: State Grid Gansu Electric Power Research Institute, Lanzhou 730070, China
Jing Zhi: State Grid Gansu Electric Power Research Institute, Lanzhou 730070, China
Yongsheng Jin: State Grid Gansu Electric Power Research Institute, Lanzhou 730070, China
Jiaxin Qian: Sichuan Energy Internet Research Institute, Tsinghua University, Chengdu 610213, China
Haibo Li: Sichuan Energy Internet Research Institute, Tsinghua University, Chengdu 610213, China

Sustainability, 2024, vol. 16, issue 8, 1-18

Abstract: Carbon peaking and carbon neutrality goals have put forward new requirements for the development of sustainable energy. As an important part of the energy system, the power system plays an important role in achieving sustainable energy development. Future power systems will be sustainable, with a high proportion of renewable energy such as photovoltaic and wind power. With advancements in technology and the sustainable development of power systems, the construction costs of wind power, photovoltaics, and other renewable energy sources will continue to decline. At the same time, in order to cope with the uncertainty of renewable energy, more flexible resources need to be built. Under a high proportion of sustainable energy penetration, the utilization rate of flexible resources is low, which will lead to an increase in adjustment costs. Economic issues have an important impact on the development of new power systems, and power system construction will in turn affect social and economic development. Therefore, it is necessary to analyze changing trends in electricity prices in the process of power system sustainability from a quantitative perspective, so as to provide guidance for future planning. In view of the above problems, this paper takes Gansu Province as an example, predicts future power installation trends, by analyzing the power system form evolution, and uses production operation simulation technology to determine the power generation and consumption situation. On this basis, the costs of various power supplies and power grids are calculated, and trends in electricity prices in Gansu Province are forecast.

Keywords: carbon peak and carbon neutrality; sustainable power system; form evolution; cost estimation; trend of electricity price (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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