Electricity market

Gansu and Shanghai complete their first inter-provincial green power transaction

Electricity market, green electricity, Uncategorized

The Gansu branch of Shanghai Electric Power and Gansu New Energy Station helped three customers, including Shanghai INVISTA, carry out cross-provincial green power transactions between Gansu and Shanghai. The parties signed hourly contracts that included bundled wind and solar power with a total transaction volume exceeding 18 GWh. The transaction was organized by Shanghai Shangdian …

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Corporate Net Zero pathways: Guangdong releases its ESS development for the 14th FYP, targets 2 GW by 2025

Corporate net zero pathways, Electricity market, Electricity storage, Policy

Since the release of NEA’s policy to promote the development of independent energy storage systems (ESS), Guangdong Energy Bureau announced several actions to promote energy storage development during the 14th FYP: Power generation side: Continue to promote the construction planning of joint frequency regulation of “thermal power + energy storage” projects, carry out research on …

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Corporate Net Zero pathways: NDRC releases policy to boost the development of independent energy storage in China

Corporate net zero pathways, Electricity market, Policy

Last week, the National Development and Reformation Commission (NDRC) published the Notice about Further Promoting New Energy Storage Systems to Participate in Power Market and Dispatch Operations《关于进一步推动新型储能参与电力市场和调度运用的通知 发改办运行〔2022〕475号)》. In China, new energy storage doesn’t include pumped hydro storage. With independent measurement, control and other technical conditions, as well as the access to the dispatch automation …

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Corporate Net Zero pathways: the role of market mechanisms for new energy development during the 14th FYP

Corporate net zero pathways, Electricity market, Policy

In June, the National Development and Reformation Commission (NDRC) released the Chinese Renewable Energy Development 14th Five Year Plan (FYP). Throughout 10 chapters, the document elaborates on different aspects ranging of new energy development from deployment plans, supply chain, marketization, RE utilization, to international cooperation. The purpose of this article is to provide a tentative …

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