① The “Electricity Market Supervision Measures” came into effect on June 1. This revision of the “Electricity Market Supervision Measures” will increase electricity trading companies, energy storage companies, virtual power plants, and load aggregators. ② By 2025, the cumulative installed capacity of China's virtual power plants is expected to grow from 3.7 GW in 2022 to 39 GW, with an average compound annual growth rate of 108.1% in 2022.
The “Electricity Market Supervision Measures” came into effect on June 1. Relevant responsible comrades from the National Energy Administration said that the current revision of the “Electricity Market Supervision Measures” clearly targets electricity market members such as power trading entities, power market operators, and power grid companies providing transmission and distribution services. Electricity traders have increased electricity sales companies, energy storage companies, virtual power plants, and load aggregators.
New energy power generation is characterized by intermittent, fluctuation, and randomness, which poses challenges to the safety and stability of power grids. Virtual power plants have large-scale adjustment capabilities, and can cope with short-term tight electricity supply and demand problems and difficulties in consuming new energy. “Cutting peaks and filling valleys” through virtual power plants is clearly more economical than traditional thermal power plants. Since 2022, national and local policies related to virtual power plants have been implemented intensively, covering various aspects such as application scenarios, profit mechanisms, and operating requirements, and implemented in many provinces and regions. According to an analysis by Dongguan Securities, the cumulative installed capacity of China's virtual power plants is expected to grow from 3.7 GW in 2022 to 39 GW, with an average compound annual growth rate of 108.1% in 2022. The global share of installed capacity will increase from 17.5% in 2022 to 67.2% in 2025. China's virtual power plant industry is expected to usher in large-scale development opportunities.
According to the Finance Federation's theme library, among the relevant listed companies:
Canaan Smart Products Smart Meters are key terminal products for virtual power plants. In addition to measurement and settlement functions, they also provide real-time load data such as voltage, current, power factor, etc. required for virtual power plant scheduling.
Guodian South has built a complete virtual power plant overall solution to meet application requirements such as virtual power plants, source network load storage collaborative interaction, and load aggregator demand-side response platforms. It has carried out pilot projects and system trial operation of virtual power plant interactive response platforms such as Huanbo in Guangdong, Fengjie in Chongqing, and Handan in Hebei.