Research Article
The Inspiration of the Expansion History of the European Integrated Market for Electricity for China
@INPROCEEDINGS{10.4108/eai.26-5-2023.2334235, author={Qiuyang Ma and Jing Liu and Zhongyang Chen and Bin Han and Zhi Cai}, title={The Inspiration of the Expansion History of the European Integrated Market for Electricity for China}, proceedings={Proceedings of the 2nd International Conference on Mathematical Statistics and Economic Analysis, MSEA 2023, May 26--28, 2023, Nanjing, China}, publisher={EAI}, proceedings_a={MSEA}, year={2023}, month={7}, keywords={market design european internal market chinese national unified electricity market}, doi={10.4108/eai.26-5-2023.2334235} }- Qiuyang Ma
Jing Liu
Zhongyang Chen
Bin Han
Zhi Cai
Year: 2023
The Inspiration of the Expansion History of the European Integrated Market for Electricity for China
MSEA
EAI
DOI: 10.4108/eai.26-5-2023.2334235
Abstract
The construction and expansion history of the European integrated energy market is similar to the situation faced by China’s electricity market establishment. This paper summarized the experience from the European market as well as the special practices in the market operation, to provide insight and opinions for China. There are three main inspirations: 1) China should establish the unified national electricity market from simple to complex; 2) the unified electricity market should be more inclusive, to allow local markets still retain the special characteristics of their own market transactions; 3) The Chinese power market should further enrich the multi-time scale trading varieties, establish a more flexible medium- and long-term market, and expand the coverage of the spot market.