Study on the Mechanism of Renewable Energy Two-Sided Contracts for Difference
This paper examines the role of two-sided Contracts for Difference(CfD)as a pivotal policy tool in supporting renewable energy development.It analyzes the design and implementation of CfD mechanisms in countries like the United Kingdom,Germany,and Denmark,identifying key success factors and challenges.The study emphasizes that the effectiveness of CfD mechanisms depends on setting appropriate strike prices,designing long-term contracts,and implementing flexible pay-ment systems.Additionally,the coordination of policies and integration with market mechanisms are essential to prevent market distortions and achieve policy goals.Drawing on these international experiences,the paper provides policy recommendations tailored to China,suggesting deeper electricity market reforms,diversified funding sources,and improved legal and regulatory frameworks to support China's energy transition and carbon neutrality objectives.
two-sided contracts for differencestrike pricerenewable energy policymarket mechanismelectricity mar-ket
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