Jiangsu Aggregators and Virtual Power Plants Trading Overview

This document provides a comprehensive overview of the trading situation for aggregators and virtual power plants (VPPs) in Jiangsu Province, China, as of May 2025. It covers basic concepts of VPPs, exploration and practice in Jiangsu, and challenges in spot market construction. The report highlights national policies, including the 'Guiding Opinions on Accelerating the Development of Virtual Power Plants' issued in 2025, which aims to achieve over 20 million kilowatts of regulation capacity by 2027 and 50 million by 2030. Provincial-level policies in regions like Zhejiang, Shanxi, and Shandong encourage VPP participation in spot and ancillary service markets. Key aspects include market access conditions, business model innovation, demand response mechanisms, and the integration of distributed energy resources. The document emphasizes the role of VPPs in enhancing grid flexibility, supporting renewable energy consumption, and enabling market-oriented participation for private and social capital.