Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2017.02.020 |
The economics of coal power generation in China | |
Zhao, Changhong1; Zhang, Weirong1; Wang, Yang1; Liu, Qilin2; Guo, Jingsheng1; Xiong, Minpeng1; Yuan, Jiahai1,3 | |
2017-06-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 105页码:43474 |
文章类型 | Article |
语种 | 英语 |
国家 | Peoples R China; USA |
英文摘要 | The Chinese government recently released the 13th FYP (five-year plan) power development plan and proposed a capacity installation target of 1100 GW for coal power. Considering the weak demand growth of coal power since 2014, continuous decline in the annual utilisation hour and the coming market competition, such a planning target is unwelcome and could further the economic deterioration of coal power. In this paper, we employ LCOE (levelised cost of electricity) and project evaluation models to conduct a nationwide survey on the economics of coal power. The economic analysis has clearly indicated that the recent boom of coal power investment in China, which is absurd in many perspectives, is largely the aftermath of uncompleted market reform in the power sector. However, the fundamentals of electricity demand and supply are changing at a speed beyond the imagination of power generators and have foreboded a gloomy prospect for coal power. Our study shows that by 2020, with several exceptions, in most provinces the internal rate of return for coal power will drop below the social average return rate or will even be negative. In this regard, the 13th FYP capacity planning target for coal power is economically untenable and requires radical revision. |
英文关键词 | Coal power LCOE Internal rate of return Economic map China |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000400532900001 |
WOS关键词 | 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/18674 |
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.Univ Pittsburgh, Asian Studies Ctr, 4400 Posvar Hall, Pittsburgh, PA 15260 USA; 3.Res Ctr Beijing Energy Dev, Beijing 102206, Peoples R China |
推荐引用方式 GB/T 7714 | Zhao, Changhong,Zhang, Weirong,Wang, Yang,et al. The economics of coal power generation in China[J]. ENERGY POLICY,2017,105:43474. |
APA | Zhao, Changhong.,Zhang, Weirong.,Wang, Yang.,Liu, Qilin.,Guo, Jingsheng.,...&Yuan, Jiahai.(2017).The economics of coal power generation in China.ENERGY POLICY,105,43474. |
MLA | Zhao, Changhong,et al."The economics of coal power generation in China".ENERGY POLICY 105(2017):43474. |
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