电力中长期市场基本规则印发

Core Viewpoint - The new regulations for the medium- and long-term electricity market aim to standardize trading behaviors and adapt to the evolving electricity market landscape, ensuring the protection of market participants' rights and promoting a unified national electricity market [1][2]. Group 1: Regulatory Changes - The National Development and Reform Commission and the National Energy Administration have released the "Basic Rules for Medium- and Long-Term Electricity Market" to further regulate medium- and long-term trading behaviors [1]. - The new rules are a revision of previous regulations established in 2016 and 2020, reflecting significant changes in market conditions due to the entry of new entities like energy storage and virtual power plants [1]. Group 2: Market Adaptation - The rules are designed to meet both current and long-term needs of the electricity market, incorporating mechanisms for cross-grid transactions and flexible inter-provincial trading [2]. - The regulations aim to enhance the flexibility of medium- and long-term trading by encouraging longer and shorter trading cycles, promoting daily continuous trading, and increasing trading frequency [2]. Group 3: Market Impact - As of the first three quarters of 2025, medium- and long-term trading volume is expected to account for 95.9% of the total market trading volume, indicating a strong reliance on this segment [1]. - The new rules include provisions for the participation of new business entities in medium- and long-term trading, which is expected to drive market development over the next five years [2].