两部委印发现货市场建设指引 机制创新破解高比例新能源入市难题

Core Viewpoint - The National Development and Reform Commission and the National Energy Administration have issued guidelines for the construction of continuous electricity spot markets, focusing on adapting market mechanisms for the full entry of renewable energy and enhancing system regulation capabilities [1][2]. Group 1: Spot Market Mechanism - The guidelines support local exploration of optimized spot market mechanisms under the full entry of renewable energy, aiming to create time-based price signals that reflect supply-demand relationships and adjustment costs [2]. - As of August 2025, all 26 provincial electricity spot markets in the State Grid operating area have been launched, with five provinces successfully transitioning to formal operations [2]. - The spot market has effectively incentivized both supply and demand optimization, with significant reductions in electricity costs and improved grid regulation capabilities [2]. Group 2: New Market Participants - The guidelines emphasize the need to improve mechanisms for various market participants, encouraging new entities like virtual power plants and smart microgrids to participate in spot market competition [4]. - Challenges faced by emerging market participants in provincial spot market trading necessitate the development of universal pricing models to enhance market engagement [4][5]. - The guidelines allow new entities to participate in pricing, which can lower entry barriers for small users and help manage negative electricity prices effectively [5]. Group 3: Auxiliary Services and Capacity Assurance - The guidelines propose the establishment of auxiliary service market systems tailored to local conditions, particularly in regions with high renewable energy installations [6]. - Experts highlighted the need for a capacity compensation mechanism to ensure long-term system capacity, addressing the challenges posed by the declining investment interest in traditional power sources due to the rise of renewable energy [7]. - The guidelines aim to balance the investment expectations of renewable and traditional power sources, ensuring the stability and security of the electricity system [7][8]. Group 4: Key Policy Directions - The nine key directions outlined in the guidelines include optimizing the spot clearing mechanism, enhancing participation mechanisms for new entities, and establishing reliable capacity compensation mechanisms [8]. - The guidelines and expert recommendations align towards constructing a market operation system that accommodates a high proportion of renewable energy, ensuring optimized resource allocation and stable supply [8].