KETEP 세계에너지시장정보

Executive summary .................................................................................................................. 7 

Background and motivation .................................................................................................. 11 
 Structure of the report ........................................................................................................... 13 

Chapter 1. Power system flexibility in China ...................................................................... 14 
 The growing need for flexibility ............................................................................................. 14 
 Assessment of flexibility needs in 2022 and 2030 ................................................................ 16 
 Flexibility resources in China towards 2030 ......................................................................... 21 
 Barriers to flexibility in China................................................................................................. 40 

Chapter 2. Unlocking flexibility through power markets ................................................... 42 
 Power markets as key to flexibility ........................................................................................ 42 
 Current state of power markets in China and barriers to flexibility ....................................... 42  
 Unlocking flexibility through market mechanisms ................................................................. 63 
 The path to flexibility through market reforms ...................................................................... 74 

Chapter 3. A policy toolkit for flexibility .............................................................................. 76 
 Building on key insights: barriers to flexibility in China’s power system ............................... 76 
 Policy toolkit for flexibility and key recommendations for the 15th Five-Year Plan ............... 76 
 Step by step guide for toolkit implementation ....................................................................... 82 
 The path forward ................................................................................................................... 88 

Annex ....................................................................................................................................... 90 
 Modelling methodology ......................................................................................................... 90 
 Abbreviations and acronyms................................................................................................. 96  
 Units of measurement ........................................................................................................... 97