What is the key point of convergence between the power market and the policy at this stage, said STD

STDC believes that spot power market is an important part of China's unified, open and competitive power market system. At present, with the goal of "dual carbon" and the construction of new power system, the operation mechanism and balance mode of the power system have undergone profound changes. The consumption of new energy and the guarantee of power supply are facing great challenges, and it is necessary to accelerate the exploration of market-oriented solutions. Deepening the construction of spot power market is of great practical significance for giving full play to the guiding role of price signals, ensuring real-time power balance and safe operation of power grid through market mechanism, promoting the realization of "dual carbon" goal and the construction of new power system, and improving the allocation of power resources and the efficiency of system operation.

Progress of spot power market construction in China

Since the National Development and Reform Commission and the National Energy Administration launched the pilot project of spot market construction in 2017, various localities have made continuous progress in the exploration and achieved remarkable results. From the first batch of pilot, southern eight area (in guangdong as the starting point), shanxi, fujian, zhejiang, sichuan, shandong, gansu, stake in 2021, after four quarters above settlement, shanxi, gansu, shandong, guangdong in 2022 to achieve long-term continuous commissioning, give full play to the spot market found time-sharing electricity prices, reflecting the basic role of market supply and demand, Try it out and change it. According to the second batch of pilots, the market construction in the six pilot provinces of Shanghai, Jiangsu, Hubei, Henan, Liaoning and Anhui is progressing steadily and orderly. Jiangsu has completed the settlement trial operation for more than a week, Anhui has completed the first power dispatching trial operation, and Hubei, Henan, Liaoning and Shanghai have completed at least one simulated trial operation. The other 18 non-pilot areas are actively promoting the construction of spot markets. Fourteen regions -- southern Hebei, northern Hebei, Shaanxi, Jiangxi, Guizhou, Chongqing, Hainan, Xinjiang, Heilongjiang, Qinghai, Guangxi, Tianjin, Ningxia and Hunan -- have completed the formulation of plans for the construction of spot markets, and are speeding up the revision and improvement of rules and the simultaneous construction and development of technical support systems. Steady progress has been made in the construction of pilot power markets in Southern China and the Beijing-Tianjin-Hebei region, and a simulated trial operation of the southern regional market was launched in July 2022.

At the same time, in order to effectively solve the consumption problem caused by the rapid development of new energy, the National Development and Reform Commission and the National Energy Administration approved the launch of pilot spot trading of surplus renewable energy between different regions and provinces in 2017. By tapping the remaining capacity of transmission channels between different regions and provinces, the uptake of renewable energy at the transmission end can be promoted. For the past five years, 16 provinces more than 2300 renewable energy power generation companies involved in trade, has fallen renewable energy power abandon of more than 260 KWH, effectively cultivate the market main body of market consciousness, cultivating talent team, the market has accumulated market construction and operation experience, across the province electricity spot market system of establishing and perfecting laid a solid foundation. In November 2022, on the basis of inter-provincial and inter-regional spot trading of renewable energy, the National Development and Reform Commission and the National Energy Administration approved the rules for inter-provincial spot trading, which further expanded the scope of participation of market players, significantly increased the scope of market trading, and improved the market trading mechanism. Since July 2022, cross-provincial spot has been settled for half a year on a trial basis.

STDC believes that spot power market is an important part of China's unified, open and competitive power market system. At present, with the goal of "dual carbon" and the construction of new power system, the operation mechanism and balance mode of the power system have undergone profound changes. The consumption of new energy and the guarantee of power supply are facing great challenges, and it is necessary to accelerate the exploration of market-oriented solutions. Deepening the construction of spot power market is of great practical significance for giving full play to the guiding role of price signals, ensuring real-time power balance and safe operation of power grid through market mechanism, promoting the realization of "dual carbon" goal and the construction of new power system, and improving the allocation of power resources and the efficiency of system operation.

Progress of spot power market construction in China

Since the National Development and Reform Commission and the National Energy Administration launched the pilot project of spot market construction in 2017, various localities have made continuous progress in the exploration and achieved remarkable results. From the first batch of pilot, southern eight area (in guangdong as the starting point), shanxi, fujian, zhejiang, sichuan, shandong, gansu, stake in 2021, after four quarters above settlement, shanxi, gansu, shandong, guangdong in 2022 to achieve long-term continuous commissioning, give full play to the spot market found time-sharing electricity prices, reflecting the basic role of market supply and demand, Try it out and change it. According to the second batch of pilots, the market construction in the six pilot provinces of Shanghai, Jiangsu, Hubei, Henan, Liaoning and Anhui is progressing steadily and orderly. Jiangsu has completed the settlement trial operation for more than a week, Anhui has completed the first power dispatching trial operation, and Hubei, Henan, Liaoning and Shanghai have completed at least one simulated trial operation. The other 18 non-pilot areas are actively promoting the construction of spot markets. Fourteen regions -- southern Hebei, northern Hebei, Shaanxi, Jiangxi, Guizhou, Chongqing, Hainan, Xinjiang, Heilongjiang, Qinghai, Guangxi, Tianjin, Ningxia and Hunan -- have completed the formulation of plans for the construction of spot markets, and are speeding up the revision and improvement of rules and the simultaneous construction and development of technical support systems. Steady progress has been made in the construction of pilot power markets in Southern China and the Beijing-Tianjin-Hebei region, and a simulated trial operation of the southern regional market was launched in July 2022.

At the same time, in order to effectively solve the consumption problem caused by the rapid development of new energy, the National Development and Reform Commission and the National Energy Administration approved the launch of pilot spot trading of surplus renewable energy between different regions and provinces in 2017. By tapping the remaining capacity of transmission channels between different regions and provinces, the uptake of renewable energy at the transmission end can be promoted. For the past five years, 16 provinces more than 2300 renewable energy power generation companies involved in trade, has fallen renewable energy power abandon of more than 260 KWH, effectively cultivate the market main body of market consciousness, cultivating talent team, the market has accumulated market construction and operation experience, across the province electricity spot market system of establishing and perfecting laid a solid foundation. In November 2022, on the basis of inter-provincial and inter-regional spot trading of renewable energy, the National Development and Reform Commission and the National Energy Administration approved the rules for inter-provincial spot trading, which further expanded the scope of participation of market players, significantly increased the scope of market trading, and improved the market trading mechanism. Since July 2022, cross-provincial spot has been settled for half a year on a trial basis.