Typical Capacity Cost Recovery Mechanisms in Foreign Countries and Their Implications for China

China's capacity cost recovery mechanism is still in its infancy, dominated by the capacity cost compensation mechanism. This paper analyzes electricity system capacity cost sharing mechanisms of the United States, Germany, the United Kingdom. Firstly, the paper analyzes electricity markets types, market participants, capacity cost sharing mechanisms of foreign countries. Then, the comparative analysis of capacity cost recovery mechanisms has been done among foreign countries and China. Finally, it derives implications from the study of typical capacity cost sharing mechanisms in foreign countries for China.