{"id":112552,"date":"2023-09-21T09:48:20","date_gmt":"2023-09-21T09:48:20","guid":{"rendered":"https:\/\/chinadialogue.net\/?post_type=news_digest&#038;p=112552"},"modified":"2024-04-16T10:29:56","modified_gmt":"2024-04-16T10:29:56","slug":"national-power-spot-market-rules-released","status":"publish","type":"news_digest","link":"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/","title":{"rendered":"National power spot market rules released"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">China has introduced its first <a href=\"https:\/\/www.ndrc.gov.cn\/xxgk\/zcfb\/ghxwj\/202309\/t20230915_1360625_ext.html\">rules<\/a> to govern a national power spot market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These \u201cbasic rules\u201d, endorsed by the National Development and Reform Commission (NDRC) and National Energy Administration (NEA), are poised to \u201caccelerate the construction of a national unified power market system and promote the optimal allocation of resources on a larger scale\u201d, the NEA <a href=\"https:\/\/mp.weixin.qq.com\/s\/HOqnLTsDOuZC6oscbxVyMg\">explains<\/a>.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Electricity trading in China is currently characterised by medium-to-long-term (MLT) deals between power generators, users and sellers, China Dialogue recently <a href=\"https:\/\/dialogue.earth\/en\/energy\/the-current-state-of-chinas-electricity-market\/\">explained<\/a>. In the last five years, more than 80% of market-traded electricity has been traded within provinces rather than between them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government has been <a href=\"https:\/\/dialogue.earth\/en\/energy\/why-power-spot-markets-are-key-to-chinas-new-energy-system\/\">setting up<\/a> more flexible, inter-provincial and inter-regional spot markets, so power can be traded across the country at prices determined by supply and demand. The aim is to improve the reliability and efficiency of power supply while accelerating consumption of renewable energy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first batch of eight provincial spot market pilots were announced in 2018 and have since completed long-term trials, with the second batch of six beginning in 2021.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2022, a <a href=\"https:\/\/www.ndrc.gov.cn\/xxgk\/zcfb\/tz\/202201\/t20220128_1313653.html\">guiding opinion document<\/a> issued by NDRC and NEA set the goal of building a &#8220;unified electricity market system by 2030, on the basis that existing provincial-level electricity markets will be retained\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the day the basic rules were released, power industry sources <a href=\"https:\/\/companies.caixin.com\/2023-09-18\/102104844.html\">told<\/a> Caixin: \u201cIn the past, there has been no formal basic rules for spot trading in the electricity market, and the provincial pilots learnt from each other in formulating the rules.\u201d The rules summarise the problems and experience in the first and second batch of pilots, they added.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The rules state critical objectives for building the national power spot market in the near future, including \u201cthe integration of renewable energy sources into the electricity market and the design of market mechanisms tailored to their unique characteristics\u201d. They encourage \u201cthe active participation of entities engaged in distributed power generation, load aggregation, energy storage, virtual power plants, and other emerging business models\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The basic rules standardise market price limits and operational requirements, and refine the transaction process. They put forward requirements for information disclosure and technical support systems and  standardise some of the terminology related to power spot markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The NDRC <a href=\"https:\/\/mp.weixin.qq.com\/s\/HOqnLTsDOuZC6oscbxVyMg\">says<\/a> that next \u201cregions already engaged in the trial operation should leverage the rules to refine and enhance their regulatory framework, which will involve innovative forays into the integration of new energy sources and new market participants. Regions that have not yet opened the spot market will refer to the basic rules to carry out the preparation of the electricity spot market rule system and market construction and operation\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Read China Dialogue\u2019s recent two-part series of articles on <\/em><a href=\"https:\/\/dialogue.earth\/en\/energy\/the-current-state-of-chinas-electricity-market\/\"><em>the current state of China\u2019s electricity market<\/em><\/a><em> and <\/em><a href=\"https:\/\/dialogue.earth\/en\/energy\/why-power-spot-markets-are-key-to-chinas-new-energy-system\/\"><em>why power spot markets are key to China\u2019s new energy system<\/em><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China has introduced its first rules to govern a national power spot market<\/p>\n","protected":false},"featured_media":60006649,"template":"","meta":{"_acf_changed":false,"_has_post_settings":[],"footnotes":""},"categories":[757],"tags":[580,585],"country":[],"digest-collection":[50039911],"class_list":["post-112552","news_digest","type-news_digest","status-publish","has-post-thumbnail","hentry","category-energy","tag-policy","tag-renewables"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.0 (Yoast SEO v26.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>National power spot market rules released | Dialogue Earth<\/title>\n<meta name=\"description\" content=\"China has introduced its first rules to govern a national power spot market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"National power spot market rules released\" \/>\n<meta property=\"og:description\" content=\"China has introduced its first rules to govern a national power spot market\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/\" \/>\n<meta property=\"og:site_name\" content=\"Dialogue Earth\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-16T10:29:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/China-news-digest_THUMBNAIL_Alamy_2EKJEG3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"784\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/\",\"url\":\"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/\",\"name\":\"National power spot market rules released | Dialogue Earth\",\"isPartOf\":{\"@id\":\"https:\/\/dialogue.earth\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/China-news-digest_THUMBNAIL_Alamy_2EKJEG3.jpg\",\"datePublished\":\"2023-09-21T09:48:20+00:00\",\"dateModified\":\"2024-04-16T10:29:56+00:00\",\"description\":\"China has introduced its first rules to govern a national power spot market\",\"breadcrumb\":{\"@id\":\"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/#primaryimage\",\"url\":\"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/China-news-digest_THUMBNAIL_Alamy_2EKJEG3.jpg\",\"contentUrl\":\"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/China-news-digest_THUMBNAIL_Alamy_2EKJEG3.jpg\",\"width\":1200,\"height\":784,\"caption\":\"2EKJEG3 An aerial view of local farmers reaping rice in the terrace as autumn comes, Changchun village, Shazhenxi town, Zigui county, Yichang city, central China's Hubei province, 12 September 2020.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dialogue.earth\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"National power spot market rules released\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dialogue.earth\/en\/#website\",\"url\":\"https:\/\/dialogue.earth\/en\/\",\"name\":\"Dialogue Earth\",\"description\":\"Global climate and environment news\",\"publisher\":{\"@id\":\"https:\/\/dialogue.earth\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dialogue.earth\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/dialogue.earth\/en\/#organization\",\"name\":\"\u5bf9\u8bdd\u5730\u7403\",\"url\":\"https:\/\/dialogue.earth\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\/\/dialogue.earth\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/Dialogue-Earth-Symbol-Logo_Black-Text.png\",\"contentUrl\":\"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/Dialogue-Earth-Symbol-Logo_Black-Text.png\",\"width\":256,\"height\":256,\"caption\":\"\u5bf9\u8bdd\u5730\u7403\"},\"image\":{\"@id\":\"https:\/\/dialogue.earth\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/twitter.com\/DialogueEarth_\",\"\",\"https:\/\/www.facebook.com\/DialogueEarth.English\",\"https:\/\/www.instagram.com\/dialogue.earth\/\",\"https:\/\/www.linkedin.com\/company\/dialogueearth\/\"],\"description\":\"Dialogue Earth is an independent non-profit dedicated to producing exceptional environmental journalism and informed conversations on urgent climate and sustainability topics. Our unique model brings local voices to global audiences and global stories of hope, action and change to local communities. We are committed to accurately portraying China\u2019s development impacts across the Global South through geopolitically even-handed reporting and constructive dialogue. Our approach is rooted in a network of specialist country editors located across South and Southeast Asia, Africa and Latin America, and delivered through reporting in eight languages, workshops, and media partnerships. We seek to bring light, rather than heat, to crucial debates, and solutions to bear on complex problems.\",\"email\":\"info@dialogue.earth\",\"telephone\":\"(+44) 7542 525 859\",\"legalName\":\"Dialogue Earth\",\"foundingDate\":\"2006-09-22\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"11\",\"maxValue\":\"50\"},\"publishingPrinciples\":\"https:\/\/dialogue.earth\/en\/about\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"National power spot market rules released | Dialogue Earth","description":"China has introduced its first rules to govern a national power spot market","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/","og_locale":"en_US","og_type":"article","og_title":"National power spot market rules released","og_description":"China has introduced its first rules to govern a national power spot market","og_url":"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/","og_site_name":"Dialogue Earth","article_modified_time":"2024-04-16T10:29:56+00:00","og_image":[{"width":1200,"height":784,"url":"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/China-news-digest_THUMBNAIL_Alamy_2EKJEG3.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/","url":"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/","name":"National power spot market rules released | Dialogue Earth","isPartOf":{"@id":"https:\/\/dialogue.earth\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/#primaryimage"},"image":{"@id":"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/#primaryimage"},"thumbnailUrl":"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/China-news-digest_THUMBNAIL_Alamy_2EKJEG3.jpg","datePublished":"2023-09-21T09:48:20+00:00","dateModified":"2024-04-16T10:29:56+00:00","description":"China has introduced its first rules to govern a national power spot market","breadcrumb":{"@id":"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/"]}]},{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/#primaryimage","url":"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/China-news-digest_THUMBNAIL_Alamy_2EKJEG3.jpg","contentUrl":"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/China-news-digest_THUMBNAIL_Alamy_2EKJEG3.jpg","width":1200,"height":784,"caption":"2EKJEG3 An aerial view of local farmers reaping rice in the terrace as autumn comes, Changchun village, Shazhenxi town, Zigui county, Yichang city, central China's Hubei province, 12 September 2020."},{"@type":"BreadcrumbList","@id":"https:\/\/dialogue.earth\/en\/digest\/national-power-spot-market-rules-released\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dialogue.earth\/en\/"},{"@type":"ListItem","position":2,"name":"National power spot market rules released"}]},{"@type":"WebSite","@id":"https:\/\/dialogue.earth\/en\/#website","url":"https:\/\/dialogue.earth\/en\/","name":"Dialogue Earth","description":"Global climate and environment news","publisher":{"@id":"https:\/\/dialogue.earth\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dialogue.earth\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en"},{"@type":"Organization","@id":"https:\/\/dialogue.earth\/en\/#organization","name":"\u5bf9\u8bdd\u5730\u7403","url":"https:\/\/dialogue.earth\/en\/","logo":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/dialogue.earth\/en\/#\/schema\/logo\/image\/","url":"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/Dialogue-Earth-Symbol-Logo_Black-Text.png","contentUrl":"https:\/\/dialogue.earth\/content\/uploads\/2024\/04\/Dialogue-Earth-Symbol-Logo_Black-Text.png","width":256,"height":256,"caption":"\u5bf9\u8bdd\u5730\u7403"},"image":{"@id":"https:\/\/dialogue.earth\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/twitter.com\/DialogueEarth_","","https:\/\/www.facebook.com\/DialogueEarth.English","https:\/\/www.instagram.com\/dialogue.earth\/","https:\/\/www.linkedin.com\/company\/dialogueearth\/"],"description":"Dialogue Earth is an independent non-profit dedicated to producing exceptional environmental journalism and informed conversations on urgent climate and sustainability topics. Our unique model brings local voices to global audiences and global stories of hope, action and change to local communities. We are committed to accurately portraying China\u2019s development impacts across the Global South through geopolitically even-handed reporting and constructive dialogue. Our approach is rooted in a network of specialist country editors located across South and Southeast Asia, Africa and Latin America, and delivered through reporting in eight languages, workshops, and media partnerships. We seek to bring light, rather than heat, to crucial debates, and solutions to bear on complex problems.","email":"info@dialogue.earth","telephone":"(+44) 7542 525 859","legalName":"Dialogue Earth","foundingDate":"2006-09-22","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"11","maxValue":"50"},"publishingPrinciples":"https:\/\/dialogue.earth\/en\/about\/"}]}},"_links":{"self":[{"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/news_digest\/112552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/news_digest"}],"about":[{"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/types\/news_digest"}],"version-history":[{"count":1,"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/news_digest\/112552\/revisions"}],"predecessor-version":[{"id":60001500,"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/news_digest\/112552\/revisions\/60001500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/media\/60006649"}],"wp:attachment":[{"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/media?parent=112552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/categories?post=112552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/tags?post=112552"},{"taxonomy":"country","embeddable":true,"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/country?post=112552"},{"taxonomy":"digest-collection","embeddable":true,"href":"https:\/\/dialogue.earth\/en\/wp-json\/wp\/v2\/digest-collection?post=112552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}