Chinas Updated Electricity Market Rules to Benefit Renewables, Storage

PV Magazine International 5:16 am on June 7, 2024

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The Chinese National Energy Regulatory Commission (NERC) updated its electricity market operation rules, expanding participant categories to promote competition and secure grid stability. This includes energy storage companies and virtual power plants, with new transaction types for medium-term trades and auxiliary services.

• Regulation Update:
• Expanded Market Participants: Energy storage, Virtual Power Plants (VPP) included.
• New Trade Types: Medium- and Long-Term Trades, Auxiliary Services.
• Risk Management: Enhanced criteria for risk prevention and market intervention during risky situations.

https://www.pv-magazine.com/2024/06/07/chinas-updated-electricity-market-rules-to-benefit-renewables-storage/

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