The first batch of six virtual power plants in Jiangsu Province has successfully completed the market-oriented registration review, according to State Grid Jiangsu Electric Power Co., Ltd. This milestone marks the entry of virtual power plants into the Jiangsu electricity spot market as emerging market participants.

The electricity spot market is an important component of the electricity market, characterized by real-time delivery and instantaneous synchronization of supply and demand. It closely links the generation side with the user side through market mechanisms, enabling a dynamic balance between electricity supply and demand.

Virtual power plants, as one of the new regulatory resources, can aggregate dispersed resources such as distributed power sources, energy storage, and electric vehicles. By participating in electricity spot market transactions, they can generate investment returns while enhancing their capacity to integrate renewable energy, delivering substantial economic and social benefits.

In recent years, Jiangsu Province has accelerated the development of virtual power plants, actively guiding and promoting the registration and market entry of qualified facilities. In Suzhou, State Grid Suzhou Power Supply Company has engaged closely with various virtual power plant operators, facilitating capability testing and successfully supporting two virtual power plants in completing market registration for the first time. These two virtual power plants, collectively aggregating 294 users, have a combined capacity of 1.139 million kilowatts.

Liu Shan, a Level 4 employee at the Marketing Service Center of State Grid Suzhou Power Supply Company, explained that as load aggregators, virtual power plants will participate in spot market transactions by flexibly adjusting internal strategies such as production schedules and plans, allowing them to fully benefit from the dividends of electricity market reform while contributing to the safe and stable operation of the power grid.