Core Viewpoint - Zhejiang's market-based negative regulation response during the National Day and Mid-Autumn Festival holidays has effectively supported renewable energy consumption and ensured stable electricity supply [1] Group 1: Market Activity - On October 2, Zhejiang organized a market-based negative regulation response transaction with participation from 29 virtual power plant operators [1] - The transaction was structured in 8 half-hour trading periods, with an average declared capacity of 383.4 megawatts per period [2] - The maximum declared capacity reached 480.25 megawatts, while the minimum was 310.55 megawatts, with a clearing price of 300 yuan per megawatt [2] Group 2: Impact on Electricity Consumption - During the holidays, overall electricity load in Zhejiang significantly decreased due to factory shutdowns and reduced production [1] - Concurrently, the pressure on the power system to absorb renewable energy surged, necessitating market-based solutions [1] Group 3: Virtual Power Plant Development - As of now, the Zhejiang trading platform has registered a total of 36 virtual power plants, aggregating 4,806 load-side resources [2] - The maximum adjustable capacity of these resources is 1.48 million kilowatts, and they have participated in market responses 12 times, cumulatively adjusting over 10 million kilowatt-hours of electricity [2]