Energy Trading Platform
Qualified Trader Aggregator Service
Billion Watts formally joined the bidding of Taipower’s Energy Trading Platform, becoming the first grid-connected energy storage resource aggregator in Taiwan. Using Taipower’s public data on Operating Reserve and state-owned power generator resources, we can accurately determine the decision-making and bidding prices.
Our intuitive operation achieves a fast filling of bidding, and the revenue status of each resource on the dashboard is clear at a glance, ensuring execution efficiency and system availability.
Dispatch the virtual power plants, increase the value of private power resources, strengthen grid resilience.
According to Article 11 of The Electricity Act, the power transmission and distribution industry (Taipower company) shall set up a power trading platform to expand power market transactions. Taipower's "Energy Trading Platform" officially launched in November 2021, allowing scattered private power resources to be dispatched by Taipower. Taipower estimates the overall power trading business opportunity will reach NT$10 billion. This Platform plays an important role in virtual power plant scheduling.
"Virtual power plant" is to use information and communication technology to bring together the scattered private traditional power generation companies, self-use power generation equipment manufacturers, emerging grid-connected ESS equipment, renewable energy, and demand response companies that can adjust power consumption, then proceed the power dispatch for improving the power usage efficiency.
In the past, Taiwan's electricity was exclusively supplied by Taipower, a monopoly state-owned enterprise. However, through the energy trading platform, all relevant traders bid the price against each other so that diversified and decentralized power resources can participate in grid dispatching and provide ancillary services for stabilizing the power grid, also assist in restoring normal power supply as soon as possible in the event of an electrical accident.
Using Taipower’s public data,
accurately determine the bidding prices.
Intuitive operation achieves fast bidding;
the revenue status is clear at a glance.
BillionWatts owns the key technologies of ESS and EMS, which can synchronize Taipower's communication format and fire regulations.
The energy trading market ends 5 minutes before the real-time dispatch. According to the previous transaction results, the real-time dispatch of electricity is carried out through the EMS (Energy Management System). BillionWatts’ EMS emphasizes intelligent control logic and cutting-edge system integration technology, which can respond to the changing requirements of ancillary service specifications on the Energy Trading Platform and provide quick-response Regulation Reserve and continuous 4-hour peak&off-peak transfer functions.
BillionWatts has many years of experience integrating various brands of battery systems, PCS, and other equipment. In particular, the self-developed EMS can immediately respond to Taipower's dispatching specifications and make flexible adjustments. EMS can display the ESS status and operation data on the dashboard in real time, allowing operators to grasp and monitor the operation of the ESS. The remote monitoring system can fully display the current grid status, PCS, battery, on-site electricity meter, and environmental data in the container. The parameters of ESS can be set up through the remote terminal after login authorization. It also has a remote emergency stop function for people to judge whether the system needs to be stopped.
BillionWatts’ EMS monitoring system has IEC61850 communication capability. After passing through the firewall and the optical fiber network, Taipower's dispatching system can remotely control to achieve frequency and voltage adjustment, power factor adjustment, etc. Whether it is the switch, EMS host, or even Grid Controller, there are backup designs to ensure the system’s stable operation at all times. A strong engineering R&D team provides customers with peace of mind regarding income.
The monitoring items of BillionWatts’ EMS are as follows：
- The status of battery modules, series, and systems, including voltage, current, power, system alarms, etc.
- PCS AC side grid information, including voltage, current, power, etc.
- The setting of various mode parameters includes frequency real power and voltage reactive power.
- Fire and environment monitoring status and alarm.
- Communication status and alarm mechanism between devices.
- Historical data and graphs of system operation.
- Power structure status monitoring, collecting power grid frequency information.
- ACB/TR/VCB/PT/DS/MOF/AUX equipment monitoring.
BillionWatts has the capability of providing grid-connected ESS equipment.
BillionWatts is one of the very few companies capable of providing one-stop complete energy storage services for the energy trading platform. At present, in addition to operating our own ESS field, we also assist external investors in the construction of their site: from field land development, design evaluation (including cash flow trial calculation, equipment configuration, financing and insurance plan, etc.), to complete all the construction of power interface panels, step-up equipment, PCS and energy storage containers.
Besides, BillionWatts also help our clients complete Taipower’s verification of grid-connected, case-site internet connection, implementation of EMS control, passing the Taipower’s test, the trading platform’s AFC bidding, and operation.
All these services are enough to ensure that our customers unfamiliar with energy storage, land development, and operation can benefit from the persistent AFC transactions with the support of BillionWatts.
Central monitoring center management, 24hr standby for dispatching.
Analysis of today's power supply trend, accurate quotation strategy.
Gather resources to increase the weight for seizing the bidding opportunities.
Essential Basis for ESS Financing：Aggregator’s Bidding Ability
In the case of energy storage financing, the financing review during the operation period focuses on the completion of Taipower's meter installation, qualified communication and execution capabilities, and qualified trader certificates. Among them, the bidding ability, scale, and actual performance of platform operators are the principles of bank evaluation.
Up to 13 employees obtained Taipower’s Energy Trading Platform licenses
Our group's number of qualified traders is among the best in the industry. BillionWatts has passed Taipower's communication and capability tests and formally joined the bidding of Taipower's Energy Trading Platform as a resource agent to aggregate grid-connected ESS and become a domestic company capable of bidding ancillary service products for Regulation Reserve. We are committed to ensuring regional power supply stability, promoting the electricity industry’s liberalization, and supporting Taiwan’s energy transformation and net-zero carbon emission policy goals.
BillionWatts’ energy traders can focus on analyzing the overall electricity consumption situation in Taiwan and adjust bidding strategies according to the different states of power surplus, tightness, and power rationing. The strategies are all flexible enough to respond to market changes. Qualified traders must prepare a real-time (every minute) monitoring system, including advanced smart meters, an information and communication integration system verified by Taipower, and send information back to the power dispatching center in real time.
