Shandong Zhaoyuan Raises Compensation Standard for Electricity Market Capacity of Energy Storage Projects to Boost Economic Vitality and Promote High-Quality Development

Shandong Zhaoyuan: Raising the Compensation Standard for Electricity Market Capacity of Energy Storage Projects

The Zhaoyuan Municipal People's Government has issued a notification on the "Several Policy Measures to Enhance Economic Vitality, Consolidate the Momentum of Recovery, and Promote High-quality Development in Zhaoyuan" (hereinafter referred to as the "Measures"). The Measures stipulate the raising of the compensation standard for electricity market capacity of energy storage projects. For independent energy storage demonstration projects and long-duration energy storage projects designated as pilots, the capacity compensation fee for participating in the electricity market will temporarily be implemented at twice the monthly available capacity compensation standard stipulated in the electricity market rules. Among them, the capacity compensation for long-duration energy storage projects will not be enjoyed simultaneously with policies such as independent energy storage demonstration projects.