With the rapid development of energy transformation and the increasing share of renewable energy in national power generation, Taipower continues to promote the digital transformation of smart grid in order to make the grid safe and stable. In recent years, an energy trading platform has been planned. First, a day-ahead ancillary service market has been launched to allow private distributed power resources to participate in bidding on the platform, turning them into virtual power units that can be dispatched at any time to maintain the stability of the grid. The Taipower Energy Trading Center responsible for managing the trading platform began its operation today (July 1), said Taipower. The energy trading platform is now opened for registration. After the procedures, such as written application and capability test, trading is expected to commence before the end of the year.
A new energy trading platform (ETP) designed to help Taiwan Power Co (Taipower, 台電) harness privately owned reserve capacity and electricity storage services came online yesterday.
In keeping with global trends, the Taiwanese government is making every effort to promote renewable energies. The Taiwan government amended the Electricity Law in 2017, setting a target of 20% of electricity from renewable energy, 50% of natural gas, and 27% of coal-fired power plants and other resources.
In order to integrate a large amount of renewable energies and remain the system’s stability and reliability, Taipower has adopted four different types of ancillary services, including Fast Response, Regulation, Spinning Reserve, and Supplemental Reserve to cope with the uncertainty, intermittence and uncontrollability of renewable energies.
