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Real-time News
On February 11, the General Office of the State Council issued the "Implementation Opinions on Improving the National Unified Electricity Market System." The document proposes to open up market-based trading channels between the State Grid and China Southern Power Grid operating areas, unify trading organization methods, promote information exchange, and achieve regular cross-operating area trading as soon as possible. It also calls for building a more capable and rationally structured transmission channel and power grid backbone, continuously increasing the scale of inter-provincial and inter-regional power transmission and the proportion of clean energy transmission. Under the premise of ensuring safety, it advocates for scientifically arranging priority power generation plans for inter-provincial and inter-regional power generation, reasonably expanding the scale of inter-provincial independent market-based power transmission, and strengthening multi-channel centralized optimization. The document further calls for the integrated construction and operation of the Southern Regional Electricity Market, improving power mutual assistance in the Yangtze River Delta, and exploring regional synchronous grid power mutual assistance trading within the framework of inter-provincial trading.On February 11, the General Office of the State Council issued the "Implementation Opinions on Improving the National Unified Electricity Market System." The document proposes to comprehensively build a spot market that better discovers prices and regulates supply and demand. It emphasizes fully leveraging the important role of the spot market in discovering real-time prices and accurately reflecting supply and demand, thereby better guiding the optimal allocation of electricity resources. The document aims to ensure the spot market is basically operational by 2027. It encourages all types of operators on both the generation and consumption sides to participate in the electricity market by submitting volume and price quotations. While clearly defining and implementing the electricity supply responsibilities of all parties, it also calls for steadily promoting user participation in inter-provincial spot transactions. Furthermore, it emphasizes strengthening the connection between the spot market and other markets in terms of transaction timing, prices, and settlement, using time-of-use price signals to better guide operators to optimize their generation and consumption behavior and stimulate the flexible adjustment potential of the power system.On February 11, the General Office of the State Council issued the "Implementation Opinions on Improving the National Unified Electricity Market System." The document proposes that by 2030, a national unified electricity market system will be basically established, with all types of power sources and electricity users (excluding those providing guaranteed services) directly participating in the electricity market. Market-based trading will account for approximately 70% of total electricity consumption. Inter-provincial and inter-regional, as well as intra-provincial, joint trading will be implemented, the spot market will be fully operational, basic market rules and technical standards will be fully unified, the market-based electricity pricing mechanism will be basically sound, and a fair and unified market supervision system will be basically formed. By 2035, a fully unified national electricity market system will be established, with market functions further matured and improved, and the proportion of market-based trading volume steadily increasing.February 11 - On February 11, Hu Zhenjiang, Deputy Director of the Civil Aviation Administration of China, met with Rick Deyru, President of Pratt & Whitney Commercial Engines, in Beijing. The two sides exchanged views on issues such as safe operation, fleet management, and airworthiness certification, and expressed their intention to continue to strengthen exchanges and cooperation.On February 11, the General Office of the State Council issued the "Implementation Opinions on Improving the National Unified Electricity Market System." The document proposes promoting equal and widespread participation of various operating entities in the electricity market, further encouraging participation from the generation side, the user side, and new operating entities. It calls for building a unified national electricity market system, unifying electricity market rules, improving the electricity market governance system, refining the electricity pricing mechanism, unifying electricity market technical standards, and establishing a unified national electricity market credit system. The document also emphasizes strengthening policy coordination, enhancing the connection and coordination between electricity planning and the electricity market, strengthening the construction of emergency response and risk prevention and control systems, and establishing an electricity market evaluation system.
