湖北电力交易中心董事长詹智民解读《电力中长期市场基本规则》

Core Viewpoint - The release of the "Basic Rules for the Medium and Long-term Electricity Market" marks a significant step towards a balanced approach to construction and operation in the electricity market, providing essential institutional support for the development of a unified national energy market [2] Group 1: Market Function Enhancement - The "Basic Rules" strengthen the medium and long-term market's role as a stabilizing force in supply assurance, expectation stabilization, risk avoidance, and investment attraction through systematic arrangements in transaction timing, clearing verification, and price linkage [3] - Transaction timing is extended in both directions, balancing stability and flexibility, with regular trading schedules established for multi-year, annual, and monthly transactions to provide stable expectations for power investment and user production planning [3] - A robust transaction verification mechanism is established to ensure the executability of medium and long-term contracts, reinforcing the principle of physical delivery and supporting supply-demand balance [3] - The price linkage mechanism is improved to accurately reflect real-time supply and demand, promoting closer alignment between short-term trading limits and spot price limits [3] Group 2: Market Operation Standardization - The "Basic Rules" promote standardization in the electricity market through unified business processes, data interaction, and technical platforms, aiming to reduce transaction costs and enhance operational efficiency [4] - Unified business processes are mandated for market registration, trading organization, and settlement to eliminate operational discrepancies across provinces, providing transparent and convenient services to market participants [4] - Standardized data interaction is required between electricity trading platforms and grid companies to facilitate efficient data flow and support resource optimization [4] - The introduction of platform norms, including "four unifications" and "dual-active backup," is aimed at ensuring market safety and preparing for more complex, high-frequency trading [4] Group 3: Risk Prevention and Control - The "Basic Rules" establish a comprehensive risk control system, evolving risk prevention to a more systematic approach in response to the complexities of market reforms [5] - Market risks are categorized into five types, including supply-demand imbalance and price anomalies, providing a clear framework for differentiated monitoring and intervention [5] - Proactive risk management measures are emphasized, with daily monitoring and preemptive strategies to enhance the timeliness and foresight of risk responses [5] - The operational authority is clarified for implementing intervention measures, ensuring effective risk management while preventing overreach or neglect in interventions [5] Group 4: Future Outlook - The medium and long-term market in Hubei has achieved continuous operation and integration with spot markets, with market participants exceeding 10,000 and market transactions accounting for nearly 60% of total electricity consumption [6] - Looking ahead, Hubei aims to deepen efforts in multi-market integration, standardized management, and intelligent risk prevention, contributing to the establishment of a leading provincial electricity market system in the context of national market construction [6]