China's first virtual power plant participates in the electricity spot market and makes a profit

China Energy Storage Network News: At 0:00 on May 20, the State Power Investment (Shenzhen) Energy Development Co., Ltd. (hereinafter referred to as Shenzhen Energy) and Shanghai Power Complete Equipment Design Institute Co., Ltd. (hereinafter referred to as Shanghai Complete Equipment Institute) jointly built the State Power Investment Guangdong Virtual Power Plant Electricity Spot Operation Platform, in response to the needs of the power system, dispatched the Shangcheng New Energy Hedi Smart Charging Station in Dongguan to transfer 50 kWh of electricity from 0:00 to 4:00. According to the power spot trading data of Guangdong Province on May 26, Shenzhen Energy earned an average of 0.274 yuan per kWh through this single transaction. This is the first successful case of a domestic virtual power plant participating in the power spot market transaction.

This successful transaction has accumulated valuable experience in virtual power plant spot trading for Shenzhen Energy and related electricity users. The relevant parties will actively promote follow-up work and achieve a win-win situation for power sales companies and electricity users in accordance with the established profit-sharing mechanism.

The so-called virtual power plant is to aggregate the adjustable load, distributed energy storage, distributed power supply and other resources on the power consumption side into a whole through advanced energy industrial Internet, artificial intelligence, intelligent control and other technologies, and optimize the dispatch of internal resources. In addition to presenting controllable power consumption characteristics, it also presents power generation characteristics similar to traditional power plants, just like an "invisible power plant", which can effectively alleviate the problems of new energy consumption and power supply during peak periods of power grid consumption, and is an important entry point for technology and model innovation in the process of building a new power system.

▲Virtual power plant electricity spot operation platform

Since February 2022, Shenzhen Energy has worked closely with Shanghai Complete Plant Research Institute to promote the construction of virtual power plants and explore business models. At present, the virtual power plant power spot operation platform supports all users of Shenzhen Energy to participate in Guangdong power spot transactions, and connects more than 150MW of user loads to participate in spot interactions.

"Virtual power plant + electricity spot" is a new exploration of power marketing by State Power Investment Corporation. In the future, Shenzhen Energy will continue to promote the construction of virtual power plants under the guidance of the Marketing Department of Guangdong Company, expand the access resource capacity, improve performance indicators, explore more "power sales +" business models, increase new profits in electricity spot, ancillary services and demand response, and establish new momentum and new advantages in the new power system.