Author(s)

Chunyue Ma ¹, Xingduo Zhou ¹, Jiansha Yang ¹, Haoyang Jia ¹, Junhao Hu ¹

Affiliation(s)

¹ Economy Management Department, North China Electric Power University, Baoding, 071003, China

Corresponding Author

Chunyue Ma

ABSTRACT

In recent years, with the continuous promotion of power market reform, negative electricity price has gradually become a term of concern. Under the background of "new electricity reform", it is necessary to study the formation mechanism of negative electricity price in the electricity spot market, which is of great significance to the stable development of the electricity market. In addition, in the context of new energy development and "double carbon", it is very important to study the impacts of negative electricity price on new energy power generation for the renewable energy industry and governmental departments to take policy and technical measures to cope with negative parity and ensure the healthy development of renewable energy. Therefore, this paper selects negative electricity price as the research object, establishes Granger causality model to explore the impact of fluctuation of new energy output on the formation of negative tariff in the spot market, establishes a system dynamics model to study and analyze the radiation impact of negative electricity price on new energy power generation as well as carbon emissions, draws conclusions and puts forward suggestions to provide references for the subsequent research on more negative electricity price.

KEYWORDS

Negative tariff formation mechanism, impact analysis, Granger causality, system dynamics model

CITE THIS PAPER

Chunyue Ma, Xingduo Zhou, Jiansha Yang, Haoyang Jia, Junhao Hu, The mechanism and impact of negative electricity price formation in the electricity spot market under the background of "double carbon". Population, Resources & Environmental Economics (2024) Vol. 5: 63-73. DOI: http://dx.doi.org/10.23977/pree.2024.050207.

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