How to deal with the income risk of "entering the market" of new energ |
Release time:2023-03-09 09:25:15| Viewed: |
The entry of new energy into the market is an inevitable trend. However, from a practical point of view, many new energy power generation enterprises have experienced different degrees of reduction in earnings after entering the market.
"I didn't expect the electricity price to be so low after the new energy participated in the market transaction," said the Shandong power market person. "After the loss, the new energy will not participate in the market strategically."
Shandong is a major province of new energy, and also one of the earliest provinces to carry out the spot market pilot of electricity. "The number of new energy stations in Shandong participating in the market is basically changing with the fluctuation of market prices," said the above market participants. "The spot price is low, and the number of new energy participating in the market immediately decreases in the second month; once the price rises, new energy will immediately choose to enter the market."
Although prices have risen and fallen, from the perspective of the overall situation of Shandong power trading in 2022, participating in the market has obviously "lost". In 2022, the average price of PV power settlement for medium and long term transactions in Shandong market was 242.74 yuan/MWh, while the average price of PV power settlement for non-participated medium and long term transactions was as high as 355.27 yuan/MWh.
At present, due to the combination of various factors, the participation of new energy in power market transactions has inherent disadvantages, and the income risk has increased.
From the difficulty of grid connection, the serious waste of wind and light, to the current low price of electricity entering the market, the problems faced by new energy power generation have entered a new stage. Under the situation of irreversible trend, how can new energy control income risk?
01 Accurate prediction of volume and price: iron casting needs to be hard
At present, the domestic electricity market reform is mainly based on the spot market+medium and long-term transactions (annual and monthly transactions). As the "ballast stone" of the electricity market, the medium and long term transactions for new energy stations usually also play a "risk aversion" function, which can roughly guarantee 50% to 90% of the income. In practice, however, there are many cases where "ballast stone" has become "capsized stone" due to too many medium and long term problems.
When the spot market is opened and the proportion of new energy is greatly increased, the complexity of the market is greatly increased, which is not conducive to new energy power generation.
The more types of transactions, the more options for new energy power generation, and the more options for risk hedging. But in the same way, the requirements for the accuracy of new energy generation forecast have also been greatly improved.
Accurate new energy power generation forecast can help enterprises to more accurately report the volume and price, and reduce the two detailed assessment. This is the conventional understanding of new energy power generation forecast. Combined with accurate price forecast, it can not only reduce the "electricity abandonment" of new energy under market conditions, but also further enlarge the income.
02 Man-machine combination to change the trading method
Although the new energy generation forecast has achieved breakthrough progress, in the spot market, the transaction scale is calculated in minutes, and the response of the auxiliary service market has reached the second level, and the complexity of the new energy participation in the power market has increased geometrically.
![]() "There are many reasons for the low utilization rate of energy storage," said a relevant person from a new energy enterprise. "The rules are not perfect, the status of energy storage is unclear, and the existing scheduling rules are small. It is difficult to use the energy storage in the new energy station." Many insiders expect that after the spot market becomes more popular, the energy storage can better participate in the market, and then help the new energy consumption and new power system construction. In the spot market environment, energy storage is basically charged and discharged once or twice a day. These high-frequency operations are actually similar to the quantitative trading in the financial market. In the future, they must be automated and semi-automatic trading models. After all, in the auxiliary service market where energy storage may participate more, the transaction frequency and response are calculated in seconds. With the complex new energy transaction and the participation of energy storage in the market, the challenges faced by new energy have risen by several orders of magnitude. "It has always been our goal to provide the best trading strategy for new energy, support the multiple synergy of energy storage, green power, carbon trading and electricity trading, and maximize the income of the trading portfolio," Zheng Ying said. It is expected that the new energy power generation enterprises will give satisfactory answers in the big test of "entering the market".
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