Design of a staged capacity adequacy assurance mechanism for the evolution of electricity markets
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1. School of Electrical Engineering, Zhejiang University, Hangzhou 310027 , China ;2. Economic and Technical Research Institute, State Grid Zhejiang Electric Power Co., Ltd., Hangzhou 310002 , China

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TM73

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    Abstract:

    With the integration of high shares of renewable energy into power systems and the deepening of market-oriented electricity reform, fixed cost recovery for conventional generating units and system capacity adequacy have become critical issues. Given this background, a staged capacity adequacy assurance mechanism adapted to the deep transition of the power supply structure is proposed, covering three evolutionary stages: fixed capacity compensation in the pilot stage, category-specific auction-based capacity compensation in the transition stage, and a unified capacity market in the mature stage. First, a fixed capacity accounting method based on expected cross-market revenues is developed to support fixed cost recovery for essential flexible generation resources in the initial stage. Then, a category-specific auction-based capacity compensation model is established according to the regulation characteristics of heterogeneous resources, guiding different types of flexible resources to bid independently. Finally, a centralized clearing mechanism for the unified capacity market is designed to coordinate long-term capacity investment decisions. It is demonstrated through case studies that the proposed staged mechanism supports effective fixed cost recovery for gen-eration companies, guides rational investment in flexible resources such as new-type energy storage, and ensures long-term system capacity adequacy and flexible regulation capability.

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刘桉恺,沈子康,兰洲,张艺迪,杨莉,林振智.面向电力市场演进的分阶段容量充裕性保障机制设计[J].电力需求侧管理英文版,2026,28(4):8-14.

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History
  • Received:March 05,2026
  • Revised:May 17,2026
  • Adopted:
  • Online: July 20,2026
  • Published:
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