With the approval of the Southern Regulatory Bureau of the National Energy Administration, the country's first regional ancillary service market with FR services as trading product-the Southern China Regional FR Auxiliary Service Market will be officially put into operation on July 1. Since it started in Guangdong in September 2018, the southern regional FR auxiliary service market has expanded to four provinces: Guangdong, Guangxi, Yunnan, and Hainan. The market has "distributed orders" (frequency regulation mileage instructions) more than 48 million times, and market compensation costs amounted to RMB2.82 billion, allowing more participants to earn the dividends of market-oriented reforms.
Industry insiders have vividly compared the southern regional FR auxiliary service market to an online car-hailing platform. Power dispatch agencies are similar to online car-hailing platform operators, which issue system adjustment requirements (frequency regulation mileage instructions) based on the real-time load, operating conditions, and frequency fluctuations of the power system, similar to the “order dispatching” of online car-hailing platforms; Each power generation unit is similar to a "driver" who grabs orders, and submits an adjustment application to the dispatching agency based on its own adjustment performance and market quotation; after the order is successfully grabbed (confirmed as the winning unit), it is responsible for the system frequency adjustment according to the frequency control instruction issued by the dispatching agency, and receives the order perform the tasks required by the order. "Drivers" who take orders quickly and run orders on time (fast adjustment rate) and good service attitude (accurate adjustment) can often receive more system orders (frequency regulation instructions) and get more "commissions" (compensation benefits for auxiliary services) ).
Through the market-oriented model of “delivering orders”, “grabbing orders”, “acquiring orders” and “settlement”, the four provinces of Guangdong, Guangxi, Yunnan, and Hainan competed in the frequency modulation service market in the southern region. Provide FR auxiliary services to bring substantial market compensation returns to participants. A thermal power plant in Guangdong Province that has been in operation for many years has greatly improved its output performance by installing energy storage devices. By participating in the competition of frequency regulation auxiliary services, the annual service revenue exceeds 30 million yuan, exceeding its power generation revenue.