19 Dec 2018
New ThinkPiece Series: Electricity Market Design in China
We’re proud to launch our new ThinkPiece series, which will seek to offer insights on key questions being debated in electricity market design in China, and around the world.
This first ThinkPiece focusses on the issue of delivering resource adequacy.
Reliable electricity supply is vital for the functioning of society and economies all around the world, making resource adequacy a top level focus for effective electricity market design.
China is no exception, and with an average GDP growth rate of 10.2% driving an average electricity consumption growth rate of 6% in the last 10 years, guaranteeing sufficient future capacity has been at the heart of electricity sector planning.
In this first short article, we aim to shed light on resource adequacy approaches that have been taken, some of the problems encountered and principles that can help to shape the thinking in China.