Core Viewpoint - The release of the "Basic Rules for the Medium and Long-term Electricity Market" marks a significant step in China's electricity market reform, transitioning from pilot demonstrations to comprehensive implementation, aiming to standardize market order, optimize resource allocation, and ensure energy security [2][5]. Group 1: New Blueprint for Medium and Long-term Market Construction - The "Basic Rules" establish a framework focusing on unified standards for market registration, trading organization, settlement, and information disclosure, promoting a cohesive system with standardized technical support [2][3]. Group 2: New Mechanism for Stable Market Operation - The rules create a comprehensive trading system covering multiple timeframes (years, months, and days), ensuring regular trading sessions and promoting time-segmented trading to enhance market stability and predictability [3][4]. Group 3: New Engine for Energy Transition with Diverse Entities - The inclusion of new market participants such as energy storage companies and virtual power plants aims to break down barriers for traditional market players, facilitating resource adjustment through market price signals and supporting the growth of distributed energy resources [4][5]. Group 4: New Model for Coordinated Market Varieties - The "Basic Rules" clarify the organization and pricing mechanisms for cross-regional and intra-provincial long-term trading, emphasizing the orderly connection between medium and long-term markets and spot markets [4][5]. Group 5: Outlook for Effective Implementation and Contribution of Jiangsu's Experience - Jiangsu province, as a leader in energy transition, aims to enhance its electricity market system by implementing the "Basic Rules," with expectations of significant trading volumes and improved resource allocation capabilities by 2025 [5][6].
江苏电力交易中心董事长柳惠波解读《电力中长期市场基本规则》
Zhong Guo Dian Li Bao·2026-01-07 06:28