新型储能产业如何把握电力市场改革与数智化机遇？行家说储能正联合 中车株洲所、弘正储能、海辰储能、为恒智能、融和元储 等头部企业， 编 撰 《2025电力市场与数智化储能调研报告》，该报告将于1月8日行家说储能峰会上发布。欢迎更多企业参与，共抓产业风口。 据外媒 ESS News 报道：近日，阳光电源再次斩获智利储能重要订单，将 为智利能源企业Generadora Metropolitana的 509MW/2036MWh 储能电站项目 提供储能设备与长期服务协议等。 ▋ 阳光电源拿下超2GWh储能订单 据了解，这一大型光储融合项目被命名为 Dune Plus ，总投资额达 6.29亿美元 ，占地 186公顷 。作为智利最大太阳能发电厂的配套储能设施，项目分为 两个子系统： 项目整体预计采用 406个集装箱单元的阳光电源PowerTitan储能系统 ，以提升电站的调峰能力与电网稳定性。 在商业模式上，该项目已取得重要进展。项目方 Generadora Metropolitana 与智利国家铜业公司 Codelco 签署了一项为期 15年的 购电协议，每年将向 后者供应 1太瓦时 的可再生电力，为其长期运营提供了稳 ...

河南、山东电力交易中心公示20家售电公司欠费3717万元，单家最高欠费1487万元，履约担保即将被执 行。行业风险集中暴露，市场加速洗牌，部分企业通过金融创新寻找出路。 电力交易市场近日掀起波澜。 近日，河南与山东两地电力交易中心相继发布公告，对20家欠费售电公司进行公示，总欠费金额达3717 万元，其中单家最高欠费金额已达1487万元。这不是孤例，广东两家售电公司因提交伪造履约保函被强 制退出市场。 售电行业正经历着残酷的洗牌。 随着"136号文"发布，新能源上网电量全面进入电力市场，上网电价全面由市场形成。我国多层次统一 电力市场加快构建，省间、区域、省内中长期交易常态开展。 这些变化对电力交易从业者的岗位能力要求日益提高。 20家售电公司的集体欠费 2025年11月，河南与山东两地电力交易中心相继发布公告，17家河南售电公司和3家山东售电公司因未 按时支付相关结算费用，面临履约担保被执行的局面。 这不是简单的资金周转问题，而是售电行业风险集中暴露的阴影。 根据公告，若这些售电公司在公示期内仍未完成欠费缴纳，国网河南省电力公司和国网山东省电力公司 将启动履约保障凭证支付流程。 单家售电公司最高欠费金额已达 ...

Core Insights - The recent surge in the energy storage industry is primarily driven by improved economic viability of storage projects, particularly in China, the US, and Europe, where investment enthusiasm and returns are closely linked to market conditions [2] - The demand for energy storage is expected to spike in both the US and China due to regulatory changes and market reforms, leading to temporary supply-demand mismatches and price increases [2] Group 1: Market Dynamics - The economic improvement in energy storage projects is attributed to cost reductions and policy incentives, with China seeing a shift from mandatory solar project integration to market-based trading, increasing the real demand for storage [2][4] - In the US, demand is being front-loaded to avoid potential tariffs and restrictions, while China's market is accelerating deployment in response to market reforms [2][3] Group 2: Economic Factors - The economic viability of storage projects in Inner Mongolia has significantly improved due to policy changes that allow for market participation and capacity compensation, alongside cost reductions from increased production efficiency [4] - The price of lithium carbonate has stabilized around 70,000 yuan per ton, contributing to lower battery costs, while US tax incentives have maintained attractive returns for independent storage projects [17] Group 3: Supply Chain Insights - There is a persistent discrepancy between global energy storage shipment volumes and installed capacities, primarily due to the majority of battery production occurring in China and logistical delays affecting installation statistics [5][6] - The difference between shipment and installation volumes is better understood as "in-transit products" rather than inventory, as long-term storage of batteries can negatively impact their performance [7] Group 4: Future Projections - The domestic energy storage market is expected to grow organically, driven by inherent demand factors such as peak-valley price differences, even without subsidies [8] - The long-term target of 2000 GWh for energy storage installations is based on various factors, including the proportionate allocation of storage to existing solar capacity and the retirement of fossil fuel plants [9] Group 5: Relationship with Renewable Energy - The ideal configuration of energy storage with renewable sources like solar and wind is characterized by a 1:1 capacity matching, with the duration of storage determined by usage patterns [10] - The growth of renewable energy installations will likely lead to a reduction in the utilization hours of fossil fuel power generation, supported by policies aimed at phasing out less efficient plants [16] Group 6: Industry Growth Drivers - The certainty of rapid growth in the energy storage market is driven by the ongoing energy transition and regulatory reforms, although potential constraints exist in the supply chain, particularly among smaller manufacturers [14] - Energy storage enhances the stability of the grid, facilitating the increased integration of renewable energy sources, thereby allowing for a higher share of renewables in the energy mix [15]

Core Insights - The Southern Power Grid Company released the "Southern Power Market Construction White Paper" during the sixth International Forum on New Power Systems, detailing the development of China's first continuously operating regional power market from pilot exploration to regional full coverage [1] Group 1: Development and Achievements - After ten years of reform, significant breakthroughs have been achieved in the institutional and mechanism aspects of the Southern Power Market [1] - The regional power market has entered a phase of continuous settlement trial operation, with over 250,000 market service entities participating [1] - The market-based trading volume of electricity exceeds 70%, and the cumulative electricity transmitted from the west to the east has surpassed 30 trillion kilowatt-hours [1] Group 2: Green Energy and Market Impact - The trading volume of green certificates in the Southern region accounts for 63% of the national total, providing a practical example for the construction of a unified national power market [1] - In the current year, the trading volume of green electricity and green certificates on the Southern regional power trading platform exceeded 250 billion kilowatt-hours, representing a year-on-year increase of 360% and surpassing the total of the previous three years [1]

Group 1 - The core viewpoint of the article is the collaboration between China and the UK in the field of electricity market reform, initiated through a memorandum signed at the Sino-British Electricity Market Reform Seminar held in Suzhou [2] - The seminar involved representatives from energy authorities, the British Embassy in China, and relevant research institutions, focusing on innovative discussions regarding electricity systems and market reforms [2] - The establishment of the Sino-British Electricity Market Reform Consultation Group aims to provide professional consulting and policy recommendations for both governments in the area of electricity market reform [2] Group 2 - The China side, represented by the Zhongguancun Energy Storage Industry Technology Alliance, will collaborate with institutions such as Tsinghua University and UK partners like the S Curve Economic Research Institute and University College London (UCL) [2] - The research will focus on the experiences and existing issues of electricity market reform in both countries, as well as exploring how these reforms can empower the development of the energy storage industry [2]

Core Viewpoint - The significant achievements of China's electricity market reform over the past decade have been highlighted, emphasizing the importance of efficient operation and scientific regulation in achieving high-quality energy development amid global energy transitions [4]. Market Rule Foundation - The design of the electricity market's foundational rules has been a primary task since the 2015 reform, with a series of basic rules established by the National Development and Reform Commission and the National Energy Administration [5]. - The newly revised "Basic Rules for Electricity Market Operation" in 2024 has laid the groundwork for a unified national electricity market rule system, addressing previous fragmentation and standardizing market operations across the country [5][6]. Efficient Market System - The medium- and long-term market has been crucial in stabilizing electricity supply, with provincial spot markets officially operating and the auxiliary service market expanding to support high proportions of renewable energy [7]. - The market-based pricing mechanism has been refined, with the National Energy Administration completing three regulatory cycles for the determination of transmission and distribution prices, facilitating market transactions [7]. - In 2024, market-based trading of renewable energy exceeded 1 trillion kilowatt-hours, accounting for 55% of total electricity generation, indicating a successful transition from a "single electricity market" to a more diversified market structure [7]. Diverse Market Structure - The volume of market-based electricity transactions has increased from 1.1 trillion kilowatt-hours in 2016 to 6.2 trillion kilowatt-hours in 2024, with the proportion of total electricity consumption rising from 17% to 63% [8]. - The number of registered operating entities has surpassed 1 million, a 20-fold increase since 2016, with various new market participants emerging, including independent storage and virtual power plants [8]. Strengthening International Cooperation - The forum released two English reports showcasing the progress and planning of China's electricity market, aiming to enhance international collaboration and knowledge sharing in this field [9]. - The need for countries to explore new electricity market construction and regulatory models in response to global energy transitions was emphasized, with China encouraged to continue strengthening international cooperation and learning from advanced experiences [9].

Core Viewpoint - The seminar on China-UK electricity market reform was held in Suzhou, focusing on innovative discussions regarding electricity systems and market reforms [2] Group 1 - The seminar was attended by representatives from energy authorities of both countries, the British Embassy in China, and relevant research institutions [2] - A Memorandum of Understanding was signed to officially launch the China-UK Electricity Market Reform Consultation Group [2] - The consultation group aims to facilitate collaborative research and exchange activities between leading research units from both countries [2] Group 2 - The initiative is designed to provide professional consulting and policy recommendations in the field of electricity market reform to the governments of China and the UK [2]

Core Viewpoint - The emergence of negative electricity prices in Sichuan is a reflection of the supply-demand imbalance in the electricity market, driven by an oversupply of electricity from renewable sources and a decrease in demand due to seasonal and economic factors [1][2][3] Supply and Demand Dynamics - Negative electricity prices in Sichuan reached -48.74 yuan/MWh and -49.26 yuan/MWh on September 20 and 21, respectively, with a cumulative duration of -50 yuan/MWh lasting 45 hours [1] - The supply structure in Sichuan is heavily reliant on hydropower, which accounts for 73% of installed capacity, while electricity demand has decreased by 18.1% year-on-year due to lower temperatures and economic adjustments [1] - Similar instances of negative pricing occurred in Shandong and Zhejiang, attributed to significant drops in electricity demand during holidays, despite high renewable energy generation [2] Industry Implications - The occurrence of negative prices is seen as a natural outcome of supply-demand dynamics, not a sign of market failure, and can serve as a signal for necessary adjustments within the industry [3] - Power generation companies are not necessarily losing money during negative pricing periods due to existing subsidies and mechanisms that provide financial stability [3] - The phenomenon encourages power generation companies to innovate, such as integrating energy storage solutions and enhancing flexibility in coal-fired power plants [3] Consumer Impact - Current residential electricity prices are not directly linked to market fluctuations, ensuring stability for consumers despite negative pricing in the wholesale market [4] - Experts caution that frequent occurrences of negative pricing could indicate structural issues within the energy system that need to be addressed through policy and market mechanisms [4] Recommendations for Improvement - Suggestions include promoting the synergy between energy storage and renewable energy, enhancing inter-provincial electricity transmission capabilities, and refining market governance mechanisms to mitigate the frequency of negative pricing [5] - The overall sentiment is that negative pricing should be viewed as a temporary challenge that can lead to positive industry transformation if managed effectively [5]

Summary of Key Points from the Conference Call on China's Electricity Market Reform Industry Overview - The conference call focuses on the **electricity industry** in China, specifically discussing the ongoing reforms in the electricity market and their implications for various energy sources and companies involved in the sector [1][4][8]. Core Insights and Arguments - **Market Reform Progress**: Significant advancements have been made in the market-oriented reform of the electricity sector, with thermal power pricing fully entering the market and nuclear power pricing reaching 50% market participation. By 2025, all new energy projects are expected to enter the market [1][4]. - **Electricity Pricing Mechanism**: The reform aims to reflect the true value of each segment in the electricity supply chain, including energy value, green value, transmission and distribution costs, and system operation fees. This is intended to guide high-quality industry development and optimize resource allocation [1][6][7]. - **Future Directions**: The future of electricity reform is expected to focus on ensuring reasonable returns for each segment through a scientifically sound pricing mechanism, promoting the development of a new, efficient, and clean energy system [1][6][14]. - **Investment Opportunities**: The electricity sector presents diverse investment opportunities, particularly in companies with quality wind and solar resources, coal power companies benefiting from declining coal prices, and competitive hydro and nuclear power firms [3][20][21]. Important but Overlooked Content - **Challenges in Reform**: The reform process faces challenges, including rising overall system costs due to the shift towards cleaner energy and the need to balance supply and demand effectively. The current pricing mechanism has not fully adapted to these changes [2][5][14]. - **Historical Context**: The electricity reform in China began in 2002, with significant milestones in 2015 that emphasized market competition in generation and sales while maintaining state control over transmission and distribution [8][9]. - **Regulatory Changes**: Recent policies have aimed to enhance competition in the coal-fired power market, allowing prices to fluctuate based on supply and demand, which is crucial for achieving a more efficient and fair resource allocation [9][10][11]. - **Regional Market Development**: The development of regional and national electricity trading markets is progressing, with the southern region already implementing spot market operations, which will influence overall pricing and system efficiency [17][18]. Conclusion - The ongoing reforms in China's electricity market are set to reshape the industry landscape, creating new investment opportunities while addressing existing challenges. The focus on market-driven pricing and the integration of various energy sources will be critical for the sector's future growth and stability [1][3][20][21].

Core Viewpoint - The implementation of the "Liaoning Province Deepening the Market-Oriented Reform of Renewable Energy Grid Price" plan aims to enhance the flexibility and efficiency of the local electricity market, aligning with national reform directives and addressing current operational challenges in the electricity market [1]. Group 1: Enhancements in Trading Mechanisms - The plan introduces a flexible settlement reference point mechanism in medium- and long-term trading, allowing parties to customize settlement reference points and pricing methods, thus breaking the traditional single reference point limitation [2]. - The plan allows for the prioritization of green electricity transactions over mechanism electricity, enhancing the attractiveness of green electricity consumption and ensuring the rights of green electricity consumers [3]. Group 2: Development of Day-Ahead Market - The plan adopts a phased approach to the development of the day-ahead market, initially focusing on pre-clearing and reliability unit combinations, ensuring market stability and efficiency [4][5]. Group 3: Price Mechanism Innovations - The plan adjusts the price limits in the spot market, introducing a negative price mechanism, which enhances the capacity for electricity absorption and aligns with national reform directives [6]. - The transition from "differential settlement" to "price settlement" is proposed to improve the logic of market settlement, ensuring fair market practices [7][8]. Group 4: Capacity and Cost Compensation Mechanisms - The plan proposes a capacity compensation mechanism to support the recovery of fixed and variable costs for power generation units, ensuring their operational viability during low-price periods [9]. Group 5: Fair Distribution of Benefits - The plan includes a cap on the price difference for electricity sales, ensuring fair profit distribution between electricity sellers and consumers, thus promoting a balanced market ecosystem [10]. Group 6: Market Fee Management - The plan emphasizes the classification and optimization of market fees, aiming to enhance transparency and restore the authenticity of market prices, which is crucial for resource optimization [11].