水电大省四川现货市场走出新模式

Core Insights - Sichuan Province officially launched the continuous settlement trial operation of the electricity spot market on November 1, ahead of the national requirement to accelerate the construction of the electricity spot market [1] - The trial involved 421 market participants, including 229 hydropower companies, 24 thermal power companies, 158 renewable energy companies, and 10 independent energy storage companies, with a total market clearing volume of 695 million kilowatt-hours [1] Group 1: Market Development - Sichuan has adopted a new model for the electricity spot market that emphasizes multi-source participation and full optimization of electricity consumption, which has been accelerated since its proposal last November [2] - The government introduced a coal-electricity authorized contract pricing mechanism to address the challenges of integrating hydropower and thermal power [2] - A working group was formed in February, consisting of government departments, expert teams, grid companies, and market participants, to research key mechanisms for the hydropower-dominated spot market [2] Group 2: Technical Infrastructure - The complexity of Sichuan's power grid, with over 20,000 kilometers of 500 kV AC lines and more than 700 control devices, poses significant challenges for the technical support system of the spot market [3] - Sichuan Electric Power has developed a technical support system that includes multi-basin hydropower coupling and intelligent interaction, enabling rapid modeling and solving of large-scale, multi-constraint problems [3] Group 3: Risk Management and Services - Prior to the trial operation, Sichuan Electric Power conducted extensive training sessions for over 5,000 participants to familiarize them with market rules and technical systems [4] - The company has implemented proactive risk management strategies to address potential market price volatility during periods of significant supply and demand changes [4] - Continuous market simulations and trial operations were conducted to test the system under various complex scenarios, ensuring smooth market operation [4] Group 4: Future Outlook - The successful launch of the continuous settlement trial is expected to enhance price signal guidance in Sichuan's electricity market, improve resource allocation efficiency, and promote a green and low-carbon energy transition [5] - Sichuan Electric Power plans to continue collaborating with government authorities to strengthen the rules, technology, and operations of the market [5]