State Grid Jiangsu Electric Power Co., Ltd. has announced the establishment of a pricing mechanism in Jiangsu Province, designed to encourage the participation of new energy vehicles (NEVs) in Vehicle-to-Grid (V2G) discharging interactions. This initiative aims to propel V2G technology into a new era of large-scale, commercial operations through attractive pricing standards. V2G technology enables NEVs to charge and store energy during off-peak grid loads, subsequently discharging this power back to the grid during peak times, effectively transforming them into distributed energy storage units. This development holds significant importance for enhancing grid flexibility and fostering the consumption of new energy sources.