CHINA STATE PLANNER and the National Energy Administration issued a 14th
Five-Year implementation plan for new energy storage, calling for a grid-side
independent capacity pricing mechanism for new energy storage under list-based
management. After China’s power spot market runs continuously, the plan requires
an orderly rollout of a reliable capacity-compensation mechanism with unified
compensation principles to guide reasonable investment and efficient utilization
of storage. Local authorities are encouraged to develop leasing markets for
co-located storage capacity to better reflect capacity value.
