Session 4: Electricity Market, Ancillary Service and Energy Policy Towards Carbon Neutrality

Session 4: Electricity Market, Ancillary Service and Energy Policy Towards Carbon Neutrality
“面向碳中和的电力市场、辅助服务与能源政策”

Alongside the rising attention to global climate change, the electricity sector is paying more attention to the deployment and integration of renewable energy, giving rise to further developed and improved energy markets, ancillary services markets, and more carbon-related energy policies towards carbon neutrality. Future electricity markets may be organized to integrate more renewable energy sources such as wind and solar energy to further decarbonize electricity systems while maintaining system reliability and stability, entailing more ancillary services from flexible resources and related incentive mechanism design. In terms of energy policy, the government is likely to introduce stricter carbon emission limits and subsidies to encourage companies to invest in clean energy technologies and promote carbon neutrality. As a result, steps of electricity markets embracing carbon neutrality and sustainable development are inevitable to build a cleaner and greener energy system.