GXED(SH:600617) Jing Ji Ri Bao·2026-01-14 08:13Core Viewpoint - The National Development and Reform Commission and the National Energy Administration have issued an implementation plan aimed at significantly enhancing the power system's regulation capacity by 2027, supporting the reasonable consumption of over 200 million kilowatts of new energy annually from 2025 to 2027, with a national new energy utilization rate of no less than 90% [1][2]. Group 1: Current Challenges - The development of regulation resources in China faces challenges, including increased system consumption pressure due to an average annual increase of over 200 million kilowatts in new energy installations [2]. - Wind power utilization rate was 96.4% in the first ten months of 2024, down 0.7 percentage points year-on-year, while solar power utilization rate was 97.1%, down 1.2 percentage points year-on-year [2]. - There is a lack of coordinated optimization in regulation capacity construction, with existing regulation resources not being fully utilized, and the need for improved pricing and market mechanisms [2]. Group 2: Key Tasks in the Implementation Plan - The plan emphasizes the need to scientifically calculate the demand for regulation capacity based on the growth of new energy and utilization rate targets, clarifying the scale of flexible coal power transformation, gas power, hydropower, pumped storage, new energy storage, and other resources [3]. - It requires local energy authorities to develop regional regulation capacity construction plans to ensure the safe and stable operation of the power system and the reasonable consumption of new energy [3]. - The plan proposes improvements to the calling mechanism for regulation resources, including a tiered dispatch system that considers system needs, dispatch safety, and technical-economic factors [3]. Group 3: Market Mechanism Enhancements - A scientifically sound market mechanism is crucial for optimizing the allocation of various regulation resources and promoting the consumption of new energy [4]. - The plan emphasizes the improvement of peak and valley pricing mechanisms, encouraging regions to establish auxiliary service varieties based on local conditions and to enhance economic incentives for peak-valley price differences [4]. - It encourages the establishment of cross-provincial calling and trading mechanisms for adjustable resources on the load side, promoting a market mechanism oriented towards regulation effects [4].