2018 energy storage subsidy

What are the uncertainties regarding the CO2 storage subsidy?

The uncertainties regarding the carbon price, the CCS retrofitting investment cost, the operation and maintenance (O&M) cost, the CCS investment subsidy scenarios, and the allocation ratio of the carbon dioxide (CO 2) storage subsidy between the coal-fired power plants and CO 2 storage enterprises are taken into consideration.

Does CO2 storage subsidy affect CCS investment decision for coal-fired power plants?

Results and discussion The results indicate that the CO2 storage subsidy has significant effects on the CCS investment decision for coal- fired power plants. The main results are as follows. 4.1.

Will China keep implementing policy incentives for energy storage?

To effectively guarantee its grid stability of renewable energy sources, the Chinese government is expected to keep implementing its policy incentives for energy storage in the near future. This particular dataset provides us with the technical specifications of an energy storage system and allows us to calculate the model parameters.

What are the three types of CCS subsidies?

Based on previous studies and the latest 45Q tax credit, three forms of CCS subsidies are developed in this study; these are the subsidy for the initial CCS retrofitting investment cost, the clean electricity tariff, and the CO2 storage subsidy, respectively. Therefore, Eq.

What if the Chinese government announces a 30% subsidy?

For example, if the Chinese government unexpectedly announces a 30% subsidy and promises no subsidy in the near future, it can lower the spread threshold by 0.3950 RMB/kWh (or 39.8%), thus stimulating more immediate investments.

What if there is no government subsidy?

Without government subsidies, the uncertainty that firms face when making investment decisions is mainly due to the fluctuation in the peak-valley spreads. The fluctuation, however, is capped by a maximum set by the government to keep the stability of the electricity market.