全国统一电力市场建设提速

Core Viewpoint - The establishment of a national unified electricity market is a crucial component of the broader national market, essential for promoting energy transition and optimizing electricity resource allocation [1][5]. Group 1: Market Development - From June 1, all newly commissioned renewable energy projects will participate in market trading, with prices determined by the market, breaking regional barriers and expanding cross-province and cross-region trading [1]. - The scale of market-based electricity trading is projected to reach 6.2 trillion kilowatt-hours by 2024, up from 1.1 trillion kilowatt-hours in 2016, increasing its share of total electricity consumption from 17% to 63% [2]. - The long-term electricity trading volume accounts for over 90% of market-based trading, effectively supporting supply stability during peak demand periods [2]. Group 2: Renewable Energy Integration - Over 50% of renewable energy generation is expected to be absorbed through market mechanisms by 2024, maintaining a utilization rate of over 95% despite rapid growth in installed capacity [3]. - The green certificate and green electricity trading volume is projected to reach 446 billion kilowatt-hours in 2024, a 364% increase year-on-year, with about a quarter of renewable energy achieving environmental value through this market [3]. Group 3: Policy and Regulatory Framework - The new round of electricity system reform has led to the establishment of a multi-layered market framework, with comprehensive rules for long-term, spot, green electricity, and green certificate trading [1]. - By 2025, the goal is to establish a preliminary national unified electricity market with standardized trading rules and technical standards, aiming for full completion by 2029 [4]. Group 4: Economic Impact - The reforms have effectively released dividends, enhancing the electricity market's role in ensuring supply, promoting transformation, and stabilizing prices, thereby contributing to high-quality economic development [2]. - Average electricity prices for residents and businesses are significantly lower than the global average, positioning China favorably in terms of energy costs [3].