The two departments issued guidance to speed up the construction of a unified power market system

2022-06-09 0 By

Beijing, February 3 (Xinhua) — The National Development and Reform Commission and the National Energy Administration recently issued guidelines on accelerating the construction of a unified national power market system.According to the guideline, by 2025, a unified national electricity market system will be initially completed, the national market will operate in coordination with provincial (regional and municipal)/regional markets, the integrated design and joint operation of medium – and long-term, spot and auxiliary service markets in electricity, and the market allocation of cross-provincial and cross-regional resources and the scale of green electricity trading will be significantly improved.A market trading and pricing mechanism conducive to the development of new energy and energy storage has taken shape.By 2030, a unified national electricity market system will be basically completed to meet the requirements of a new type of electricity system. The national market will operate in conjunction with provincial (regional and municipal)/regional markets. New energy will fully participate in market transactions, market players will compete on an equal footing and make independent choices, and electricity resources will be further optimized nationwide.