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The Impact of China's Dual Energy Consumption Control Policy Has Been Fermented

Release Date : 2021-09-30

The impact of China's "dual energy consumption control" policy has been fermented. According to Chin & Company, industrial enterprises should consider how to apply the three-step winning rule of "strong management, finding partners, and innovation", and start from the three directions of "mastering their own energy usage, seeking suitable eco-partners, and making good use of technology and innovation" to seize the opportunity in the wind and waves of energy transformation.

The global energy supply is at a critical point of structural transformation, including the EU's 2023 border carbon tariff, Taiwan's major electricity user regulations, and China's recent "double control of energy consumption" policy, all of which test the industrial and manufacturing sectors' policies to adjust energy management in response to the rising demand for sustainability and carbon reduction from regulators, customers, and investors.

The report "Smart Energy Opportunities for Industrial Enterprises" released by QinetiQ today observes that as emerging industrial trends converge into three major waves of "Industry 4.0, Electrification and Optimization", they are creating an ideal environment for industrial enterprises to transform their energy management. It is suggested that industrial enterprises should consider how to apply the three-step rule of "strong management, finding partners, and innovation" and start from the three directions of "mastering their own energy usage, seeking suitable ecosystem partners, and making good use of technological innovation" to seize the first opportunity in the wind and waves of energy transformation.

Mr. Bruce Lung, Senior Executive Vice President of Power, Utilities and Renewable Energy Industry of Chingyi Zhongxin, pointed out that with the implementation of the "Large Power Users" clause this year, the obligation of renewable energy generation, energy storage equipment installation or green power procurement for local enterprises with high electricity demand is expected to create a demand for investment and maintenance management capabilities for energy saving, energy creation, energy storage and energy management for industrial enterprises in Taiwan. At this stage, most enterprises are not yet able to combine all the capabilities required to promote energy investment and maintenance management. However, by cooperating with collaborative partners in the energy ecosystem or third-party organizations and utilizing the "energy-as-a-service" integrated service model, most industrial enterprises will be able to alleviate their worries about the lack of energy expertise or capital, and enable energy management to develop in a more "intelligent, connected and interactive" direction.

In addition, QinetiQ's report proposes to optimize energy use through energy management, and suggests the following application scenarios to help optimize energy use. First is the flexible load solution. During peak periods when power supply is tight, companies can reduce electricity consumption by matching the grid's response in order to get the fees paid by the grid operator, while the shortage of power can be made up by battery storage or other sources.

The second is the use of battery storage equipment for local renewable energy generation. Combined with on-site power generation systems such as solar, biomass or wind power, industrial companies can store the generated electricity in battery storage facilities and use it during peak hours when electricity prices are higher, or sell the surplus for a profit.

Finally, there is the microgrid. Microgrids are made up of a company's local energy sources and are generally connected to the traditional grid, but can be disconnected and operated in an "island" mode as appropriate. The benefit of operating a microgrid is that it can continue to operate in the event that the larger grid is unable to provide power, thereby increasing the resilience of the enterprise's system.

Source: 2021-09-30 12:53 United Daily News / Reporter Lai Chiu-wing / Taipei Instant Report