Research on Energy Storage Market Under the Power Marketing Environment in Southern China

Abstract

[Introduction] With the advancement of clean energy transformation and power marketization reform, the policy mechanism and market environment of electricity energy storage in the southern region have gone into a good situation constantly. [Method] This paper studied the electric auxiliary service market and demand response market rules related to the energy storage in the southern region, analyzed the development trend of the energy storage market in the southern region from the four aspects of the auxiliary service transaction varieties, user-side demand response, new energy distribution energy and independent energy storage stations, etc. We used the user-side energy storage investment operation economy as an example to perform the quantitative analysis. [Result] The research shows that under the competitive conditions of the power marketing market, the greater the demand for frequency modulation, peak shaving, and the lack of flexible resources adjustment, the greater the contribution of energy storage to auxiliary services or demand response to the system, so as the comprehensive benefits. [Conclusion] This paper can provide ideas for power energy storage business model innovation and application promotion.

Keywords

• southern region
• power marketing
• electric energy storage
• auxiliary service
• demand response