The Design of the Electricity Market Mechanism with the High Proportion of Renewable Energy Participation in Germany and its Implications
With the rapid development of renewable energy in Germany,the perfect cross-border spot market and in-traday balancing market system provide a strong guarantee for Germany's renewable energy consumption,and its reform path and market mechanism have significant reference for China to achieve the goal of"carbon peak and carbon neutrality".It re-views the reform process and trading mechanism of German electricity market.The innovative mechanism of German elec-tricity in the coordination between the cross-border market and the real-time market,the segmentation of intraday products to improve market flexibility,and the reduction of system balance pressure through the balance group system,and their en-lightenment to China are also analyzed.Through an in-depth analysis of the design of the German market mechanism,it is concluded that the introduction of intraday market and aggregators such as balancing group in the power market can smooth out the impact of renewable energy volatility.The study results provide a useful reference for the design of the market mech-anism of the new energy system with a high proportion of renewable energy in China.
electricity marketrenewable energynew power system
NETL
NSTL
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