Huaneng Design Institute
Design consulting EPC general contracting project supervision and other whole process professional service institutions
Power Market Industry Highlights | 2024.03.05-2024.03.11
Power Market Industry Highlights |
01-Policy Trends
01
On March 5, 2024, Premier Li Qiang released the government work report at the second session of the 14th National People's Congress. The report pointed out: solid to carry out the "carbon peak ten action". Improve the ability of carbon emission statistical accounting and verification, establish a carbon footprint management system, and expand the coverage of the national carbon market industry. Deeply promote the energy revolution, control the consumption of fossil energy, and accelerate the construction of a new energy system. Strengthen the construction of large-scale wind power photovoltaic bases and delivery channels,Promote the development and utilization of distributed energy, develop new energy storage, and promote the use of green electricity and international mutual recognition., give full play to the role of coal and coal power to ensure the demand for energy for economic and social development. (Source: Xinhua News Agency)
02
On March 9, the "Common Concern" column of the CCTV News Channel launched a special report on the two sessions of "New Energy Storage" written into the Government work report for the first time, introducing the function of the new energy storage, the current situation of industrial development, and the future development trend. It was written into the 2024 Government Work Report for the first time, which means that the status of the new energy storage development as the "new kinetic energy" of my country's economic development has been widely recognized, and it also means thatThe development of new energy storage will become one of the important tasks of China's economic and social work in 2024 and even for a long time to come.. (Source: CCTV News)
03
On March 5, the National Development and Reform Commission requested the Second Session of the 14th National People's Congress to review the "Report on the Implementation of the 2023 National Economic and Social Development Plan and the 2024 Draft National Economic and Social Development Plan." On March 7, the National Development and Reform Commission issued the Main Tasks of the 2024 National Economic and Social Development Plan. It is mentioned that the development of energy conservation and carbon reduction action programmes,Improve carbon pricing mechanism. Carbon peak carbon neutral actively and steadily promote, promote energy consumption double control gradually shift to carbon emissions double control. (Source: Chinese government website)
02-Market Rules
01
On March 11, the Shaanxi Provincial Development and Reform Commission and the Northwest Supervision Bureau of the State Energy Administration issued the "Implementation Plan for the Participation of New Energy Storage in Electricity Market Transactions in Shaanxi Province", which clarified the participation of new energy storage in electricity market transactions. The programme is clear:1 Independent energy storageIt can participate in all kinds of transactions (including capacity compensation mechanism, etc.) in the medium-and long-term electric energy market, the in stock electric energy market, the auxiliary service market and the capacity market, and the independent energy storage is settled separately according to the charging state and the discharge state.2 Power side energy storageIt is regarded as a whole with its power generation enterprises, maintains the power generation attribute unchanged, and participates in the medium and long-term market, in stock market and auxiliary service market transactions in the wholesale market in accordance with the current market rules.3 User side energy storageIt is regarded as a whole with its power users, maintaining the same power consumption attributes, and participating in the medium and long-term market, in stock market, auxiliary service market transactions, retail market transactions and demand response market in the wholesale market in accordance with the current market rules. (Source: Shaanxi Provincial Development and Reform Commission)
02
On March 11, Shaanxi Electric Power Trading Center issued a notice on soliciting opinions and suggestions on the "Work Plan for the Second Settlement Trial Operation of Shaanxi Electric Power in stock Market, it includes the work plan for the second settlement trial operation of Shaanxi electric power in stock market, the detailed rules for the implementation of Shaanxi electric power in stock market transaction (the second settlement trial operation), the implementation rules for the continuous opening of Shaanxi electric power market working days and standard energy block transaction (2024 Trial Edition), the implementation rules for the settlement of Shaanxi electric power market (the second settlement trial operation), and the implementation rules for the transaction of Shaanxi electric power frequency modulation auxiliary service market (the second time settlement trial operation), Shaanxi Province power market measurement management implementation rules (second settlement trial province power operation).
Among them, it is proposed in the "Work Plan for the Second Settlement Trial Operation of Shaanxi Electric Power in stock Market" that this settlementThe trial operation time is from March 22 to April 1, 2024, of which: bidding day: starting from March 21, the legal working day before each operating day will organize the market bidding before the day. Operation date: March 22-April 1, for 11 days. Settlement date: March 25-March 31, for 7 days. (Source: Shaanxi Electric Power Trading Center)
03
On March 7, the Anhui Provincial Development and Reform Commission Anhui Provincial Energy Bureau issued a notice on further optimizing the peak and valley time-sharing electricity price policy and other related matters, the scope of peak electricity price implementation for the use of power capacity of 315 kVA and above to implement the industrial and commercial two-part electricity price and peak and valley time-sharing electricity price of industrial electricity. The execution period is 20:00-22:00 daily during July and August, and 19:00-21:00 daily during January and December.Peak electricity prices rise by 20% on the basis of peak electricity prices.It will be implemented from April 1, 2024. (Source: Anhui Provincial Development and Reform Commission)
03-Trading Dynamics
01
On March 4, China's first electric vehicle smart charging demonstration zone was built in Jiangsu.Relying on the intelligent algorithm, the system actively pushes the optimal charging scheme to the car owner after comprehensively studying and judging the actual state of the charging parking space, charging price, queuing waiting time and other information.New energy owners only need to enter the destination, vehicle mileage, battery capacity and other information on the mobile phone App to know when and where to charge the most economical and time-saving. It is estimated that the average monthly charging queue time of car owners in the demonstration area can be reduced by nearly 50%. (Source: Xinhua News Agency)
02
In 2023, State Grid Shaanxi Electric Power Co., Ltd. completed a total of 18.509 billion kilowatt-hours of clean energy market-oriented transactions, an increase of 3.35 times over the same period last year. among them,Green power transactions 2.2 billion kWh, up nearly 20 times year-on-year.The "Implementation Plan for the Participation of New Energy Power Generation Enterprises in Shaanxi Province in 2023 in Market-oriented Transactions" clearly states that green power transactions are regularly organized in the form of "annual monthly" bilateral consultations. In 2023, a total of 25 affordable new energy power generation companies in the province will conduct transactions with 48 power sales companies and more than 1000 power users they represent. (Source: Shaanxi Provincial Department of Ecological Environment)
03
as of 29 February, 0.65 billion kwh of green power trading electricity in xinjiang this year,1.5 times the full-year trading value in 2023.,Complete 65% of the task value of green electricity trading in 2024,To achieve green electricity trading more than half of the electricity, to achieve a "red door". Since the implementation of the green electricity green card transaction in 2022, up to now, the amount of electricity traded in Xinjiang has been 1.09 billion kilowatt-hours, the electricity consumption enterprises in Xinjiang have purchased 2.77 million green cards, and the new energy power generation enterprises in Xinjiang have sold 1.28 million green cards, effectively promoting the consumption of new energy electricity. (Source: Xinjiang Electric Power Trading Center)
04
On March 4, the main responsible comrades of Jiangsu Energy Supervision Office led a team to Suzhou to carry outGreen Power Market Transaction,User adjustable load participating in power system regulation,Green card service export-oriented economyand other research. The research group in Suzhou Industrial Park field understanding of Suzhou Industrial Park source network lotus storage industrial cluster, GCL.Flexible resource transaction aggregation platformOperation. (Source: Jiangsu Energy Regulatory Office)
05
On March 1, the East China Energy Regulatory Bureau organized a virtual power plant to participate in the East China Power Peak Work Symposium. The East China Energy Regulatory Bureau will actively implement the requirements of "planning and building a new energy system and coordinating the promotion of inter-provincial power mutual aid" at the symposium hosted by General Secretary Xi Jinping in Shanghai to further promote the integrated development of the Yangtze River Delta. Combined with the contents of the key work plan for the construction of the Yangtze River Delta power market, the goal is to "ensure consumption, safety and supply,Promote the participation of virtual power plants in the operation of power peaking in East China, and promote the development of inter-provincial coordination and mutual aid to the demand side.To explore the new focus of the construction of the Yangtze River Delta power market.
Latest developments
Address: Floor 10, 18, 19 and 20, East Building, Building 1, Shun Tai Square, 2000 Shun Hua Road, High-tech Zone, Jinan City
