TY - JOUR
T1 - Market reforms for integrated local energy systems
AU - Li, Furong
PY - 2015/7/20
Y1 - 2015/7/20
N2 - Current commercial framework in China does not offer a level-play field for independent smart energy grids to thrive and compete with the central supply for supplying domestic energy customers. This is largely because that the energy price from the central supply is highly subsidised to ensure social stability. This poses a major barrier for efficient and integrated independent energy systems to provide flexible energy sharing to end consumers. Integrating energy systems and energy demand from electrical, heat and transport can substantially improve the efficiency of micro-energy systems through building better demand profiles to suit local generation and infrastructure. However, the true cost of such an efficient supply cannot compete with the central supply where the price is kept artificially low. In order to realise energy internet, and putting micro-energy grids in the same level play field with the central supply, this paper recommends a number of market developments and reforms to create the right economic environment and make the system work for the benefit of energy consumers.
AB - Current commercial framework in China does not offer a level-play field for independent smart energy grids to thrive and compete with the central supply for supplying domestic energy customers. This is largely because that the energy price from the central supply is highly subsidised to ensure social stability. This poses a major barrier for efficient and integrated independent energy systems to provide flexible energy sharing to end consumers. Integrating energy systems and energy demand from electrical, heat and transport can substantially improve the efficiency of micro-energy systems through building better demand profiles to suit local generation and infrastructure. However, the true cost of such an efficient supply cannot compete with the central supply where the price is kept artificially low. In order to realise energy internet, and putting micro-energy grids in the same level play field with the central supply, this paper recommends a number of market developments and reforms to create the right economic environment and make the system work for the benefit of energy consumers.
KW - Energy internet
KW - Energy prices
KW - Market reform and development
KW - Micro-energy grids
UR - http://www.scopus.com/inward/record.url?scp=84938800685&partnerID=8YFLogxK
UR - http://dx.doi.org/10.13334/j.0258-8013.pcsee.2015.14.025
U2 - 10.13334/j.0258-8013.pcsee.2015.14.025
DO - 10.13334/j.0258-8013.pcsee.2015.14.025
M3 - Article
AN - SCOPUS:84938800685
SN - 0258-8013
VL - 35
SP - 3693
EP - 3698
JO - Zhongguo Dianji Gongcheng Xuebao/Proceedings of the Chinese Society of Electrical Engineering
JF - Zhongguo Dianji Gongcheng Xuebao/Proceedings of the Chinese Society of Electrical Engineering
IS - 14
ER -