The masterclass on 29/03/21 & 30/03/21 is an indicative and in-depth expansion of the ‘Second UK-China Training Course in Power Markets’ held in November 2020. It is funded by the Prosperity Fund and co-hosted by the University of Bath and the University of Cambridge.
China’s power sector is undergoing a transformation towards a liberalised design with considerably increased renewable generation. The power market reform in China has achieved impressive success regarding the development of the two-tier market mechanisms, the liberalisation of the power generation and the growth of renewable energy consumption. However, issues in mechanisms, institutions, technologies and operations still exist. These problems are the barriers that need to be removed in order to further promoting the market reform and low carbon transition.
Given this background, the masterclass will introduce two topics in two days, i.e. ‘The assessment of market operation and market power’ and ‘The role of system operator to support efficiency and security and its evolution over time’.
- ‘The assessment of market operation and market power’ session will have an in-depth discussion around the efficiency assessment of the market operation, the identification of the market power, the evidences for the identification and its sources.
- ‘The role of the system operator to support efficiency and security and its evolution over time’ session will recap the role of SO in planning and operating the electricity system. The growing responsibilities of SO in coordinating markets (energy markets, ancillary markets and capacity markets) and facilitating the transformation of the electricity system will be addressed.
The presentations will be delivered by Professor Michael G. Pollitt, Professor Paul Hallas and Professor Furong Li.
- Professor Michael G. Pollitt is with Business Economics at the University of Cambridge and one of Europe’s leading energy economists and has written extensively on the impacts of electricity reforms across the world.
- Professor Paul Hallas is a seasoned energy sector professional with over 30 years’ experience across commercial, strategic, regulation/policy and business leadership roles.
- Professor Furong Li is the Director of Centre for Sustainable Power Distribution at the Department of Electronic & Electrical Engineering, University of Bath.