KETEP 세계에너지시장정보

About 2

Key highlights 2

Executive summary 3

Chapter 1: Coal flexibility in China: context, drivers, and policy evolution 7
 1.1 The driver: Coal as a pragmatic transitional tool to China’s mounting short-term flexibility needs 8
 1.2 Government policy is locking in coal’s new role 11
 1.3 Mechanisms in support of the transition 14
 1.4 Technical pathways of flexibility retrofit in China 17

Chapter 2: China’s coal fleet is becoming more flexible, but much of its potential remains untapped 19
 2.1 Progress on retrofitting the existing coal fleet 20
 2.2 Changing patterns in the use of coal power 22
 2.3 Coal utilisation pattern fluctuates more seasonally in recent years 24
 2.4 Economic constraints related to coal power’s role shift 27

Chapter 3: Unleashing coal’s flexible potential while easing the transition to cleaner solutions 29
 3.1 Beyond coal: clean flexibility must take the lead 30
 3.2 Further power market reform as  the key to unlock flexibility 33
 3.3 Conclusion: from coal-led flexibility to a clean, market-driven system 38

Supporting materials 40
 Methodology 40
 Acknowledgement 43