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Economic Development Strategies and Path Optimization for New Energy in the Power Sector from the Perspective of “Dual Carbon” Goals

Author(s)

Caiting Wu

Affiliation(s)

School of Economics, Guangdong Ocean University, Zhanjiang, Guangdong, China

Abstract

Faced with the triple constraints of ensuring energy security, pursuing a green transition, and maintaining economic viability, the steady development of the new energy economy is not only a key pathway for the power sector to achieve its “dual carbon” goals, but also a strategic choice for power companies to break through development bottlenecks and enhance their core competitiveness. However, power enterprises currently face numerous challenges in the process of developing the new energy economy, including the dilemma of absorbing increased renewable energy without corresponding profit growth and grid integration difficulties; the separation of energy storage dispatch rights from revenue rights; technical bottlenecks and system security risks; and persistently falling electricity prices coupled with structural deficiencies. To address these issues, this paper proposes six major strategies: smart distribution grids, restructuring energy storage business models, overcoming key technological bottlenecks, optimizing market mechanisms, implementing consumption responsibilities, and integrated and convergent development. These strategies aim to promote the efficient and sustainable development of the new energy economy within the power sector. This research provides theoretical support and practical guidance for power enterprises to overcome development challenges and achieve green, high-quality development against the backdrop of low-carbon transformation.

Keywords

“Dual Carbon” Goals; Power Enterprises; New Energy Economy; Low-Carbon Transition; Business Model

References

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