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| 1 |
ID:
125793
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2013.
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| Summary/Abstract |
To establish a reasonable system and mechanism for Chinese energy prices, we use the Granger causality test, Hodrick-Prescott (HP) filter and time difference analysis to research the pricing relationship between Chinese and international energy prices. We find that Chinese and international crude oil prices changed synchronously while Chinese refined oil prices follow the changes of international oil prices with the time difference being about 1 month to 2 months. Further, Australian coal prices Granger causes Chinese coal prices, and there is a high correlation between them. The U.S. electricity price is influenced by the WTI crude oil price, the U.S. gasoline price and the HenryHub gas price. Due to the unreasonable price-setting mechanism and regulation from the central government, China's terminal market prices for both electricity and natural gas do not reflect the real supply-demand situation. This paper provides quantitative results on the correlation between Chinese and international energy prices to better predict the impact of international energy price fluctuations on China's domestic energy supply and guide the design of more efficient energy pricing policies. Moreover, it provides references for developing countries to improve their energy market systems and trading, and to coordinate domestic and international energy markets.
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| 2 |
ID:
105786
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2011.
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| Summary/Abstract |
Because of China's increasingly limited energy supplies and serious environmental pollution, much attention has been paid to conserving energy and reducing emissions to help the country's economy achieve sustainable development. As the electric power industry is the largest consumer of coal resources in China and also emits high levels of air pollutants each year, the Chinese government has enacted many technical and economic policies for energy conservation and emission reduction in the last few years. These policies are summarized in this paper, along with relevant laws and medium- and long-term plans, all of which address ideas such as adjusting the power generation mix, promoting demand-side management, introducing energy-efficient scheduling, and installing desulfurization units. The paper also assesses the results of these policies by analyzing several key indicators of energy consumption and emissions. The analysis shows that although some progress has been made in conserving energy and reducing emissions, substantial work is still required for China to catch up with developed countries. Some suggestions for future work are provided.
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| 3 |
ID:
105821
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| Publication |
2011.
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| Summary/Abstract |
This paper uses a new unit commitment model which can simulate the interactions among plug-in hybrid electric vehicles (PHEVs), wind power, and demand response (DR). Four PHEV charging scenarios are simulated for the Illinois power system: (1) unconstrained charging, (2) 3-hour delayed constrained charging, (3) smart charging, and (4) smart charging with DR. The PHEV charging is assumed to be optimally controlled by the system operator in the latter two scenarios, along with load shifting and shaving enabled by DR programs. The simulation results show that optimally dispatching the PHEV charging load can significantly reduce the total operating cost of the system. With DR programs in place, the operating cost can be further reduced.
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| 4 |
ID:
097443
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2010.
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| Summary/Abstract |
Many governments around the world are focusing on emissions reduction through energy efficiency improvements, particularly on the demand side. Although Integrated Resource Planning (IRP), which considers both supply-side and demand-side options, had been a useful tool in the planning process for the power industry, its effectiveness has been challenged recently with the restructuring of the power sector that has occurred in China and elsewhere around the world. The paper proposes Integrated Resource Strategic Planning (IRSP) as an alternative to IRP in a deregulated power sector. IRSP takes the resource planning process one step further to the national level. In this paper, the authors demonstrate the tremendous potential for efficiency improvements on both the supply and demand sides of the power sector in China with IRSP. The results show that between 2009 and 2020, the potential for electricity savings will reach about 1228.5 TWh, and the potential reduction in carbon dioxide (CO2) emissions will be about 1020.5 million tons. Another important finding of this study is that the current market-based pricing system in China should be improved to provide sufficient incentives for pursuing energy savings on the demand side.
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| 5 |
ID:
097488
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| Publication |
2010.
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| Summary/Abstract |
Many governments around the world are focusing on emissions reduction through energy efficiency improvements, particularly on the demand side. Although Integrated Resource Planning (IRP), which considers both supply-side and demand-side options, had been a useful tool in the planning process for the power industry, its effectiveness has been challenged recently with the restructuring of the power sector that has occurred in China and elsewhere around the world. The paper proposes Integrated Resource Strategic Planning (IRSP) as an alternative to IRP in a deregulated power sector. IRSP takes the resource planning process one step further to the national level. In this paper, the authors demonstrate the tremendous potential for efficiency improvements on both the supply and demand sides of the power sector in China with IRSP. The results show that between 2009 and 2020, the potential for electricity savings will reach about 1228.5 TWh, and the potential reduction in carbon dioxide (CO2) emissions will be about 1020.5 million tons. Another important finding of this study is that the current market-based pricing system in China should be improved to provide sufficient incentives for pursuing energy savings on the demand side.
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| 6 |
ID:
117305
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2013.
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| Summary/Abstract |
In the past 20 years, China has paid significant attention to wind power. Onshore wind power in China has experienced tremendous growth since 2005, and offshore wind power development has been on-going since 2009. In 2010, with a total installed wind power capacity of 41.8 GW, China surpassed the U.S. as the country with the biggest wind power capacity in the world. By comparing the wind power situations of three typical countries, Germany, Spain, and Denmark, this paper provides a comprehensive evaluation and insights into the prospects of China's wind power development. The analysis is carried out in four aspects including technology, wind resources, administration and time/space frame. We conclude that both German and Spanish have been growing rapidly in onshore capacity since policy improvements were made. In Denmark, large financial subsidies flow to foreign markets with power exports, creating inverse cost-benefit ratios. Incentives are in place for German and Danish offshore wind power, while China will have to remove institutional barriers to enable a leap in wind power development. In China, cross-subsidies are provided from thermal power (coal-fired power generation) in order to limit thermal power while encouraging wind power. However, the mass installation of wind power capacity completely relies on power subsidies. Furthermore, our study illustrates that capacity growth should not be the only consideration for wind power development. It is more important to do a comprehensive evaluation of multi-sectorial efforts in order to achieve long-term development.
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