China’s power market regulation update accomodates energy storage, revises trading rules
- Admin
- May 29, 2024
- 1 min read
The article discusses the introduction of new power market operation rules in China by NDRC and NEA, effective from July 1st, 2024. The rules aim to enhance market design and clarify qualifications for market participants. They include provisions for capacity trading, new market entities like energy storage companies and virtual power plants, and measures to prevent market manipulation. Additionally, it highlights the significance of ancillary services and a market-oriented capacity cost recovery mechanism. Solar Media is organizing the 2nd Energy Storage Summit Asia in Singapore on 9-10 July 2024.
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