Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.06.035 |
Will recent boom in coal power lead to a bust in China? A micro-economic analysis | |
Yuan, Jiahai1,2; Wang, Yang1; Zhang, Weirong1; Zhao, Changhong1; Liu, Qian3; Shen, Xinyi3; Zhang, Kai3; Dong, Liansai3 | |
2017-09-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 108 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China |
英文摘要 | In this paper, by adopting the levelized cost of electricity model and the financial appraisal method, we provide an economic interpretation for China's recent coal power bubble under weak demand growth. The study surveys the economics of a typical 600 MW newly-built pure condensing coal-fired power plant in six case provinces (Shanxi, Inner Mongolia, Xinjiang, Hebei, Jiangsu and Guangdong), where the profitability margins of coal power are above national average by the end of 2015. Results indicate that the continuous falling in coal prices have lowered the generation costs but there has been insufficient adjustment to the benchmark on-grid tariff, enabling coal power to obtain unprecedented excess profits. Such excess profits have spurred the investment and caused local government to over-rely on coal power under economic downturn. However, in the context of cost escalation by deteriorated operation efficiency, higher environmental and climate change compliance costs and fierce market competition, the profitability of coal power will dissipate soon. Integrated power capacity plan consistent with the new economic normal, stringent control on the scale of new coal power projects and deep power market reform are the key policy implications of our analysis. |
英文关键词 | Coal power LCOE Project financial appraisal China |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000406725800060 |
WOS关键词 | ELECTRICITY ; CONSUMPTION |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/18509 |
专题 | 气候变化 |
作者单位 | 1.North China Elect Power Univ, Sch Econ & Management, Beijing 102206, Peoples R China; 2.North China Elect Power Univ, Beijing Key Lab New Energy & Low Carbon Dev, Beijing 102206, Peoples R China; 3.Greenpeace East Asia, Beijing 100007, Peoples R China |
推荐引用方式 GB/T 7714 | Yuan, Jiahai,Wang, Yang,Zhang, Weirong,et al. Will recent boom in coal power lead to a bust in China? A micro-economic analysis[J]. ENERGY POLICY,2017,108. |
APA | Yuan, Jiahai.,Wang, Yang.,Zhang, Weirong.,Zhao, Changhong.,Liu, Qian.,...&Dong, Liansai.(2017).Will recent boom in coal power lead to a bust in China? A micro-economic analysis.ENERGY POLICY,108. |
MLA | Yuan, Jiahai,et al."Will recent boom in coal power lead to a bust in China? A micro-economic analysis".ENERGY POLICY 108(2017). |
条目包含的文件 | 条目无相关文件。 |
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