On August 31, the Shandong Provincial Development and Reform Commission, the Shandong Provincial Energy Administration, and the Shandong Supervision Office of the National Energy Administration jointly issued a notice on "Several Measures to Promote the Development of New Energy Storage Demonstration Projects in Shandong". The notice pointed out that new energy storage demonstration projects should rely on the spot market to promote market-oriented development. Regarding the charging and discharging price, when charging, storage is a market user that directly purchases electricity from the electricity spot market; when discharging, storage is a power generation enterprise that directly sells electricity in the spot market, and its charging electricity does not pay for the transmission and distribution fees, government funds and surcharges. Regarding capacity compensation, the compensation fee is temporarily implemented at twice the monthly available capacity compensation standard for independent energy storage in the electricity market rules. Regarding capacity leasing, the capacity of demonstration projects can be leased across the province, and the storage capacity leased by enterprises is regarded as the capacity demonstrated by the enterprise. In addition, it is proposed that demonstration projects can take advantage of technology to participate in ancillary services.
Shandong Introduced China's First Energy Storage Support Policy in Electricity Spot Market