Guangdong takes the lead in testing water renewable energy power trading

The first renewable energy transaction in Guangdong Province officially opened
.

According to the Guangdong Electric Power Trading Center recently disclosed, a total of 4 renewable energy power generation companies and 7 electricity sales companies participated in the first day of transactions.

According to the Guangdong Electric Power Trading Center, starting this year, Guangdong Province will organize wind power and photovoltaic companies to carry out renewable power market-oriented transactions with market users, which has opened the prelude to Guangdong’s renewable energy transactions, allowing more than 20,000 household power companies in the Guangdong power market.

, There is a new "green" choice in power purchase

"Tailor-made" trading varieties

In April this year, the Guangdong Electric Power Trading Center issued the "Guangdong Province Renewable Energy Trading Rules (Trial)" (hereinafter referred to as the "Rules"), which clarified the "priority" of renewable energy in the trading, dispatching and settlement links
.

As one of the first batch of transactions under the "Rules", China Resources Power will provide renewable energy power for the first batch of installations at BASF's integrated base in Zhanjiang

How does "Green Power" participate in market-oriented transactions? Relevant staff of the Guangdong Electric Power Exchange told reporters that Guangdong renewable energy transactions are medium and long-term electricity energy transactions.

Users can purchase conventional energy and renewable energy at the same time.
Wind power, photovoltaics and other renewable power will not participate in spot market transactions for the time being, and electricity prices will not be available.
Reflect the time-sharing price signal

The above-mentioned trading center staff stated that in accordance with Guangdong's renewable trading rules, renewable power generation companies can voluntarily choose to participate in the transaction, or purchase in the original way, and the power generation will not be affected by participating in the transaction
.

"Users pay a premium to buy renewables, which fully recognizes the green value of'green electricity'

Why do users take the initiative to choose "green electricity" that is more expensive than the benchmark electricity price? An industry insider who did not want to be named pointed out that to a certain extent, the transaction product can be regarded as “tailor-made” for certain companies
.

Yang Quanning, a staff member of the marketing department of China Resources Power South China, told reporters: "At present, the transaction type is mainly aimed at foreign-funded enterprises and some well-known domestic technology-related leading enterprises.
These enterprises have the intent of'green power' demand

　　User enthusiasm needs to be tapped

　　Why is the price of renewable energy rising? Zhao Junhua, director of the Energy Market and Finance Laboratory of the Advanced Institute of Finance, The Chinese University of Hong Kong (Shenzhen), told reporters that the logic of "green power" is to give green power additional economic incentives, which should have been higher than the market price
.

Lin Boqiang, Dean of the Energy Policy Research Institute of Xiamen University, said that although the “wind” has almost no marginal cost, its “nature” such as intermittent and volatility requires the entire power system to invest more “real money” for its stable and safe output.
"

　　This view has been verified in mature foreign power markets
.

The above-mentioned industry insiders who did not want to be named pointed out that in Germany, for example, the proportion of renewable energy installed capacity in 2019 was more than 40%, and the proportion of installed capacity increased by 24% in 10 years, but its electricity price was 1.
5 times that of 10 years ago

　　The above-mentioned industry insiders pointed out that this transaction is a useful attempt to "test the waters" of a market-oriented transaction of renewable energy, but all types of power sources are homogeneous after going online, and most users are naturally willing to buy cheap electricity
.
"The total cost of the power system has increased, but the demand is rigid
.
How to make a smooth transition and how to enable all users to actively consume more'green electricity'? In terms of hardware, it is necessary to build a new power system that is compatible with the high penetration rate; in terms of software, the market needs to be improved.
The mechanism is set, and the home market for renewable energy consumption is still in the spot market, so that the policy can have continuity
.
"

　　The spot market is the "hands"

　　How to increase the proportion of renewable consumption through the "hands of the market"?

　　The above-mentioned industry insiders pointed out that the spot market is a "weapon" and fundamental strategy to promote the consumption of new energy
.
"Electric energy commodities are different from general commodities.
They have physical characteristics such as real-time balance and network congestion
.
A link that focuses on supply and demand balance and security constraints is needed to coordinate .
If there is no spot market, only medium and long-term bilateral transactions will rely on the parties’ Negotiation and optimization, efficiency cannot be fully guaranteed, so the actual effect will often be'reduced
.
' Under the goal of carbon neutrality, the most immediate'handler' for achieving optimal allocation of power resources is undoubtedly the spot market
.
"

　　The staff of the Guangdong Electric Power Exchange said that it is expected that by the end of the "14th Five-Year Plan" period, the transaction scale of Guangdong's renewable market will reach a scale of tens of billions
.
"In the future, we will further study the key mechanisms of renewable energy participation in the spot market and the coordinated operation of renewable trading and carbon trading, so as to provide experience for the realization of a larger scale, more entities, and longer cycle renewable energy marketization
.
"

　　Peng Peng, secretary-general of the China New Energy Power Investment and Financing Alliance, believes that it is expected that with the development of distributed "wind and scenery" throughout the county, "partition wall sales" will truly "break the ice
.
" Relying on Guangdong's mature market economy, market-oriented trading of renewable energy will be further explored
.

　　Regarding this transaction, Zhang Ji, chief trading officer of China Cancan Group, pointed out that due to the randomness and intermittent nature of new energy power generation, the medium and long-term power generation curve is unpredictable.
After participating in the market, how to sign a curved medium and long-term contract is a problem
.
"If a power sales company or a new energy power generation company signs a medium-to-long-term power purchase agreement with a user, its power generation ownership has actually been bought out by the customer
.
Whether it can continue to sell green certificates or receive subsidies requires further clarification of national policies
.
" (Reporter Zhao Ziyuan)

　　Transfer from: China Energy News