两部门：统筹推进电力中长期市场、电力现货市场建设

Core Viewpoint - The National Development and Reform Commission and the National Energy Administration have issued the "Basic Rules for the Medium and Long-term Electricity Market," aiming to enhance the construction of the medium and long-term electricity market and the spot electricity market, ensuring a stable operation of the electricity market and accommodating the characteristics of renewable energy output fluctuations [1][5]. Group 1: Market Structure and Functionality - The medium and long-term electricity market is defined as a market where registered entities conduct transactions for electricity products or services for future delivery, covering various time frames from years to months [3][4]. - The rules emphasize the importance of integrating medium and long-term trading with spot market operations, facilitating flexible and continuous trading to stabilize long-term consumption space [5][6]. Group 2: Market Participants and Responsibilities - Market participants include power generation companies, electricity sales companies, electricity users, and new business entities, all of which must adhere to market rules and avoid price manipulation [4][5]. - Responsibilities of power generation companies include compliance with market rules, timely completion of electricity payment settlements, and provision of necessary operational information [8][9]. Group 3: Trading Mechanisms and Pricing - The medium and long-term trading includes various delivery cycles such as multi-year, annual, and monthly transactions, with specific trading methods like centralized trading and bilateral negotiations [13][15]. - Pricing mechanisms are determined by market forces, with the government setting overall principles for price formation, ensuring that prices reflect supply and demand dynamics [16][17]. Group 4: Transaction Organization and Management - The organization of cross-regional and provincial electricity trading will be managed by designated electricity trading centers, ensuring a structured approach to market operations [19][20]. - The trading platform must support continuous operations and provide functionalities for registration, transaction clearing, and market monitoring [37][38]. Group 5: Information Disclosure and Compliance - Market information must be disclosed periodically, ensuring transparency and allowing stakeholders to access relevant data for decision-making [35][36]. - Compliance with the rules is mandatory for all market participants, with penalties for violations to maintain market integrity [40][41].