What installed renewable energy means over coal power

Renewable energy installation over coal power, means that the role of coal power will gradually change. Although the scale of installed renewable energy has exceeded coal power, but due to wind power, photovoltaic and other new energy generation utilization hours is much lower than coal power, resulting in renewable energy generation and coal power and the gap, short-term energy security is still inseparable from coal power support. In the medium to long term, the role of coal power will be transformed from a main power source to a basic security and system regulating power source that provides reliable capacity, peak and frequency regulation and other auxiliary services. At present, coal power energy saving and carbon reduction transformation, flexibility transformation, heating transformation "three change linkage" has been in full swing, for China such a large coal country, "double carbon" journey, speed up the construction of new energy at the same time can not waste coal power. As the proportion of new energy continues to rise, the demand for coal power flexibility transformation will be further released.

The installed capacity of renewable energy exceeds that of coal power, which means reconfiguring the market mechanism. Historically, through several rounds of power system reform, China has solved the contradiction of insufficient power supply, weak power grid, power consumption, and promote the rapid development of the power industry and economic and social. To achieve the goal of "double carbon" requires more diversified energy varieties and market players to work together, and new tasks and requirements have been put forward to deepen the construction of the electricity market, not only the theoretical basis of the electricity market and trading rules need to be reconstructed, the coordination of the interests of the market players is also increasing the difficulty, the rules of the electricity market transactions and value embodiment more complex. The different values of various types of resources need to be reflected in the market. We need to further deepen the reform of the electricity market to achieve a green and low-carbon transition at the best cost and to ensure that electricity supply is accessible and sustainable.

An era of renewable energy development also means that everyone can become an energy producer. In the era of traditional fossil energy, energy production was highly concentrated and capital intensive, making it difficult for ordinary people to participate in energy production. With renewable energy sources widely distributed, flexible in layout, low marginal costs and highly accessible to individuals, rooftop PV is now an important way for ordinary people to participate in energy production. As technology advances and costs continue to fall, and home energy storage, small wind turbines and two-way charging piles become popular, everyone will have the opportunity to become an important unit in the balance of the electricity system in the future, which will bring significant changes to our lives and will give birth to brand new business opportunities and economic growth points.