New management regulations for energy storage projects

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New management regulations for energy storage projects

Recent energy storage management regulations have focused on enhancing the regulatory framework for power market operations.New rules have been implemented to strengthen regulatory measures, setting stricter market access thresholds and intensifying crackdowns on market manipulation to prevent monopolies and ensure fair competition1.Additionally, energy storage regulations are being developed to govern the deployment, operation, and management of energy storage systems, addressing legal and policy frameworks2.These changes aim to improve the integration of energy storage into the electricity system and support the transition to renewable energy sources3. Furthermore, the new rules have also strengthened the regulatory measures for power market operation. By setting stricter market access thresholds and intensifying the crackdown on market manipulation, the aim is to prevent and curb phenomena such as market monopoly and unfair competition, ensuring. This article offers a comprehensive examination of Energy Storage Regulations, highlighting their significance, key components, and the challenges faced in implementation. Energy storage regulations encompass a set of legal and policy frameworks designed to govern the deployment, operation, and. Energy storage has become an area of focus in many jurisdictions across the globe due to its potential to offer a wide range of benefits to electricity systems. This Expert Guide brings together analysis from our legal experts across 22 jurisdictions.

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6 FAQs about [New management regulations for energy storage projects]

What is the implementation plan for the development of new energy storage?

In January 2022, the National Development and Reform Commission and the National Energy Administration jointly issued the Implementation Plan for the Development of New Energy Storage during the 14th Five-Year Plan Period, emphasizing the fundamental role of new energy storage technologies in a new power system.

What types of energy storage policies have been adopted?

Around 15 states have adopted some form of energy storage policy, including procurement targets, regulatory adaptation, demonstration programs, financial incentives, and/or consumer protections. Several states have also required that utility resource plans include energy storage.

Should energy storage projects have multiple construction contracts?

For energy storage projects, it is common practice to have multiple contracts for equipment supply, construction, and installation, rather than a single turnkey engineering, procurement, and construction (EPC) contract. This approach helps manage construction risks.

How many electrochemical storage stations are there in 2022?

In 2022, 194 electrochemical storage stations were put into operation, with a total stored energy of 7.9GWh. These accounted for 60.2% of the total energy stored by stations in operation, a year-on-year increase of 176% (Figure 4).

How many states have energy storage policies?

As of now, around 15 states have adopted some form of energy storage policy, including procurement targets, regulatory adaptation, demonstration programs, financial incentives, and/or consumer protections. Several states have also required that utility resource plans include energy storage.

What is a common practice for energy storage project contracts?

It is common practice to see multiple equipment supply, construction, and installation contracts rather than one turnkey engineering, procurement, and construction (EPC) contract for energy storage projects.