Research On Renewable Energy Quota And Electricity Coordinated Transaction

With the rapid development of renewable energy,by the end of 2018,China’s total wind and solar grid connected installed capacity has reached 358 million kilowatts.However,due to the power generation characteristics of renewable energy,its power generation growth is slow,and the pressure of wind and light abandonment still exists.At the same time,in 2018,the gap of renewable energy subsidies connected to the grid exceeded 120 billion yuan,and the pressure of national finance and social absorption continued to increase.It is difficult to achieve the large-scale consumption of renewable energy only by relying on renewable energy subsidies and technological progress.We must mobilize the consumption potential of the whole society through market-oriented means to further accelerate the development of renewable energy.In May 2019,the national development and Reform Commission and the National Energy Administration jointly issued the notice on establishing and improving the renewable energy power consumption guarantee mechanism,which marks the formal release of China’s renewable energy quota system in the form of consumption responsibility weight,and the formal implementation of assessment on January 1,2020.The implementation of the renewable energy consumption weight is bound to have a certain impact on the current power market.How to achieve a good connection between the renewable energy consumption weight market and the power market is the key to its successful implementation.In view of this,starting from the trading mechanism of renewable energy consumption weight,this paper first analyzes the current situation and problems of renewable energy development in China,explores the development process and internal meaning of renewable energy consumption weight system,and in-depth analyzes the market trading mechanism and price mechanism of renewable energy consumption weight;secondly,it analyzes the market target,market subject and market coordination This paper analyzes the internal relationship between the renewable energy consumption weight market and the power market,and explores the influence of the renewable energy consumption responsibility weight on the generation side,grid side and user side;on this basis,it constructs the power market transaction system under the renewable energy consumption responsibility weight,and puts forward the main examiners according to the current development of the renewable energy market in China Secondly,the paper designs the coordination model of renewable energy consumption responsibility weight and electricity based on tie-in transaction,analyzes the risks in different tie-in transaction models,and constructs the benefit model of tie-in transaction model including the risk of price uncertainty of green certificate and excess consumption;based on the uncertainty of green certificate and excess consumption price In order to further measure the value of options,the green card and excess consumption option pricing model based on binary tree model are constructed.Finally,different scenarios are selected to verify the feasibility of the proposed tie-in transaction based renewable energy consumption responsibility weight and power coordination model.The renewable energy consumption responsibility weight,power coordination mode and trading strategy proposed in this paper can improve the efficiency of completing its own consumption responsibility weight index on the basis of ensuring the interests of each market subject,which is conducive to accelerating the implementation of the renewable energy consumption responsibility weight system in China and further promoting the development of renewable energy.