Quantitative Analysis of the Impact of Power Market and Policy on Renewable Energy Utilization

Promoting the construction of the power market and the implementation of renewable energy policies to facilitate the use of renewable energy has become the industry consensus. In recent years, the renewable energy installed capacity in China has exploded, the varieties of market-oriented transactions for renewable energy have been continuously enriched, and the renewable energy policies also have been improved. However, the lack of quantitative analysis synthetically considering the impact of market, policy, and physical boundary on renewable energy utilization makes it difficult to measure and compare the effect of power market and policies. To solve this problem, this paper constructs a quantitative analysis model for renewable energy utilization and analyzes the influence mechanism of the market, policy, and physical boundary on renewable energy utilization to minimize system operating costs. The validity of the proposed model is verified by numerical results.