Proceedings of the 3rd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2024, March 29–31, 2024, Wuhan, China

Research Article

Research on the Coupling Mechanism between Policy and Its Impact on Energy Storage Market Development

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  • @INPROCEEDINGS{10.4108/eai.29-3-2024.2347405,
        author={Yushan  Qu and Zhen  Li and Nan  Wang and Bin  Yang and Xichao  Zhou and Yong  Peng},
        title={Research on the Coupling Mechanism between Policy and Its Impact on Energy Storage Market Development},
        proceedings={Proceedings of the 3rd International Conference on Bigdata Blockchain and Economy Management, ICBBEM 2024, March 29--31, 2024, Wuhan, China},
        publisher={EAI},
        proceedings_a={ICBBEM},
        year={2024},
        month={6},
        keywords={energy storage policies energy storage operation mode dynamic gain regression model},
        doi={10.4108/eai.29-3-2024.2347405}
    }
    
  • Yushan Qu
    Zhen Li
    Nan Wang
    Bin Yang
    Xichao Zhou
    Yong Peng
    Year: 2024
    Research on the Coupling Mechanism between Policy and Its Impact on Energy Storage Market Development
    ICBBEM
    EAI
    DOI: 10.4108/eai.29-3-2024.2347405
Yushan Qu1, Zhen Li1,*, Nan Wang1, Bin Yang1, Xichao Zhou1, Yong Peng1
  • 1: State Grid Integrated Energy Services Group Co., LTD
*Contact email: lizhen@sgecs.sgcc.com.cn

Abstract

The construction of new power system centered on renewable energy is a comprehensive task requiring the synchronization of power generation, distribution, consumption, and energy storage. With the development of energy storage market, and the policy is always a significant and challenging factor to the market development. Towards the goal of a well-developed market-drived energy storage development, there is still a magnificent gap, currently development policy plays the key enrollment. With the evolution of China's national energy strategy, there has been a surge in energy storage policies and market activities. National and local governments have introduced policies to promote the development of energy storage. These policies aim to harness the functional advantages of the energy storage, enhance market operations, and secure economic gains. This paper conducts an in-depth analysis of the impact of China's existing energy storage policies on promoting the development of energy storage. It proposes a model for the market-oriented operation of the energy storage market in China and preliminarily establishes a mathematical model of the impact of policy on the development of energy storage. This provides a reference for the formulation of energy storage policies in China and the investment and construction of energy storage projects.