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Electric power is vital for the national security, economy, and people’s livelihood of a country. Ensuring the stable and secure supply of electric power is crucial for achieving carbon peaking and carbon neutrality. Therefore, it is imperative to analyze the weaknesses and challenges of power supply security in China and construct a power supply guarantee system that adapts to the new era and facilitate high-quality economic development. Herein, the research progress of power security supply is reviewed, the current status of power supply in China is summarized, and the trend in power security supply in China during the 14th Five-Year period and for the medium and long terms is analyzed. Moreover, considering the recent power rationing incidents, the problems and challenges for power supply in China are summarized and analyzed. On this basis, the basic principles of adhering to security first, a low-carbon path, market-oriented reforms, and technological innovations are proposed, and a three-step roadmap for constructing a new power supply guarantee system is investigated. Furthermore, we propose the following suggestions: (1) enhancing China’s power supply guarantee capabilities to solidify its foundation for power supply security; (2) improving the intrinsic security of power supply by focusing on the demand side; (3) establishing a new-generation technical system for guaranteeing power supply security; and (4) optimizing the market system to construct a power security ecology participated by all.

To investigate the supply-demand balance of regional power systems under extreme scenarios, this study employs the high-resolution power optimization model SWITCH-China to simulate the regional heterogeneity and randomness of extreme weather events in detail. Focusing on the five southern provinces, this study explores various impacts on the power generation side and the grid side under scenarios of reduced wind and solar power output, transmission line failures, and combined scenarios, proposing strategies for constructing a new power system. The main conclusions are: the reduction in wind and solar power output significantly affects provinces with a high proportion of these installations, like Guizhou, necessitating other stable power generation forms to compensate. Transmission line failures notably impact provinces like Guangdong, which rely heavily on imported electricity, requiring increased investment in new wind and solar installations and more self-generated power to offset the reduction in imported electricity. The combination of these factors amplifies their individual impacts, leading to the highest carbon reduction and electricity costs. The simulation results of this study are valuable for China's five southern provinces in coping with extreme scenarios. As these provinces work on building a new power system and gradually retire fossil fuel units, they should expand the number and capacity of inter-provincial high-voltage transmission lines while considering system economics. Additionally, accelerating the deployment of energy storage is crucial for maintaining power system stability. [ABSTRACT FROM AUTHOR]

The tradable green certificate (TGC) scheme is an important approach for mitigating carbon emissions within the context of a renewable energy development strategy and regional sustainable development. However, studies investigating the role of TGCs in encouraging carbon emissions reduction in China are limited and inconclusive due to ignoring the interference of other renewable energy policies and little distinguishing the impact of different green certificates. Using Chinese provincial data from 2013 to 2023, this study employs a difference-in-differences strategy to estimate the effect of the TGC policy on regional carbon emissions. The results reveal that the TGC policy significantly reduces provincial carbon emissions, and this reduction is predominantly contributed by certificate-electricity integration green certificates rather than certificate-electricity separation certificates. A 1% increase in the provincial trade volume of certificate-electricity integration green certificates can reduce total provincial carbon emissions by 0.8–1.3%. These findings hold across a series of rigorous robustness tests. This study also explains the different effects between certificate-electricity integration and certificate-electricity separation green certificates by the concept of additionality. To effectively reduce carbon emissions in the future, the TGC system must meet the requirement of additionality. These insights can provide reference for the improvement of TGC policy to better achieve the carbon reduction objective and sustainable development. [ABSTRACT FROM AUTHOR]

The energy sector's long-term sustainability increasingly relies on widespread renewable energy generation. Shared energy storage embodies sharing economy principles within the storage industry. This approach allows storage facilities to monetize unused capacity by offering it to users, generating additional revenue for providers, and supporting renewable energy prosumers' growth. However, high investment costs and long payback periods often hinder the development of battery storage. To address this challenge, we propose a shared storage investment framework. In this framework, a storage investor virtualizes physical storage equipment, enabling prosumers to access storage services as though they owned the batteries themselves. We adopt a cooperative game approach to incorporate storage sharing into the design phase of energy systems. To ensure a fair distribution of cooperative benefits, we introduce a benefit allocation mechanism based on contributions to energy storage sharing. Utilizing realistic data from three buildings, our simulations demonstrate that the shared storage mechanism creates a win–win situation for all participants. It also enhances the self-sufficiency and self-consumption of renewable energy. This paper provides valuable insights for shared storage investors regarding optimal design and benefit allocation among multiple stakeholders. [ABSTRACT FROM AUTHOR]

Virtual power plants (VPPs) aggregate a large number of distributed energy resources (DERs) through IoT technology to provide flexibility to the grid. It is an effective means to promote the utilization of renewable energy, and enable carbon neutrality for future power systems. This paper addresses the evaluation issue of DERs' low-carbon benefits, proposes a flexibility assessment model for self-organized VPP to quantify the low-carbon value of DERs' response behavior in different time periods. Firstly, we introduce the definition of zero-carbon index based on the curve simultaneous rate of renewable energy and load demand. Then, we establish a multi-level self-organized aggregation method for virtual power plants, define the basic rules of DER, and characterize its self-organized aggregation as a Markov game process. Moreover, we use QMIX to achieve a bottom-up, hierarchical construction of VPP from simple to complex. Experimental results show that when users track the zero-carbon curve, they can achieve zero carbon emissions without reducing the overall load, significantly enhancing the grid's regulation capabilities and the consumption of renewable energy. Additionally, self-organized algorithms can optimize the combinations of DERs to improve the coordination efficiency of VPPs in complex environments. [ABSTRACT FROM AUTHOR]

The carbon emissions of the power industry account for over 50% of China's total carbon emissions, so achieving carbon peak and carbon neutrality in the power sector is crucial. This study aims to simulate the impacts of three energy policies—carbon constraints, the development of a high proportion of renewable energy, and carbon trading—on China's energy transition, economic development, and the power sector's energy mix. Through the construction of a dynamic computable general equilibrium (CGE) model for China and its integration with the SWITCH-China electricity model, the impact of diverse energy policies on China's energy transition, economic progress, and the power mix within the electricity industry has been simulated. The integration of the SWITCH-China model can address the limitations of the CGE model in providing a detailed understanding of the specific intricacies of the electricity sector. The results indicate that increasing the stringency of carbon restrictions compels a reduction in fossil energy use, controlling the output of coal-fired power units, and thereby reducing carbon emissions. The development of a high proportion of renewable energy enhances the cleanliness of the power sector's generation structure, further promoting the national energy transition. Implementing a carbon trading policy, where the entire industry shares the burden of carbon reduction costs, can effectively mitigate the economic losses of the power sector. Finally, the policies to further enhance the implementation of carbon trading policies, strengthen effective governmental regulation, and escalate the deployment of renewable energy sources are recommended. [ABSTRACT FROM AUTHOR]

This study proposes four kinds of hybrid source–grid–storage systems consisting of photovoltaic and wind energy, and a power grid including different batteries and hydrogen storage systems for Sanjiao town. HOMER-PRO was applied for the optimal design and techno-economic analysis of each case, aiming to explore reproducible energy supply solutions for China's industrial clusters. The results show that the proposed system is a fully feasible and reliable solution for industry-based towns, like Sanjiao, in their pursuit of carbon neutrality. In addition, the source-side price sensitivity analysis found that the hydrogen storage solution was cost-competitive only when the capital costs on the storage and source sides were reduced by about 70%. However, the hydrogen storage system had the lowest carbon emissions, about 14% lower than the battery ones. It was also found that power generation cost reduction had a more prominent effect on the whole system's NPC and LCOE reduction. This suggests that policy support needs to continue to push for generation-side innovation and scaling up, while research on different energy storage types should be encouraged to serve the needs of different source–grid–load–storage systems. [ABSTRACT FROM AUTHOR]

China has a huge potential for biomass utilization. Converting low-grade biomass into high-quality hydrogen and natural gas is of great significance in promoting the utilization of biomass resources and the achievement of carbon reduction goals. Based on the data of biomass collection, transportation, power generation, hydrogen production and gas production stages in China, this paper constructs a multi-chain hybrid whole-life process evaluation model for "electricity to gas" and comprehensively compares the energy consumption, carbon emission and cost of the two chains of "hydrogen production from biomass power generation" and "methane production from biomass power generation". We comprehensively compare the energy consumption, carbon emissions and costs of biomass-to-hydrogen and biomass-to-methane technologies. Biomass natural gas is found to have significant advantages in terms of energy consumption, carbon emissions and economics compared to biomass hydrogen production. In order to promote the development of the biomass "electricity to gas" industry in China, this paper proposes that PEM electrolysis tanks can be used for hydrogen production, and the distance from the biomass feedstock collection to the hydrogen production chemical park should be optimized to reduce the whole-life-cycle cost. Biomass natural gas can buy time for the development of China's hydrogen industry and infrastructure construction. [ABSTRACT FROM AUTHOR]