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Core Viewpoint - The State Council issued the "Implementation Opinions on Improving the National Unified Electricity Market System," aiming to establish a unified electricity market by 2030 and fully realize it by 2035, ensuring efficient resource allocation and supporting energy security and green transformation [1][21][26]. Group 1: Overall Requirements - The implementation is guided by Xi Jinping's thought and aims to break market segmentation, promote efficient connections, and ensure a high-level dynamic balance of supply and demand in the electricity market [5][21]. - By 2030, the market transaction volume is expected to account for approximately 70% of total electricity consumption, with a unified regulatory system in place [26]. Group 2: Optimization of Electricity Resource Allocation - The plan emphasizes optimizing the national electricity market system and improving cross-regional electricity trading mechanisms [22][27]. - It aims to enhance interconnectivity of trading platforms and establish a national electricity trading center when conditions permit [24][27]. Group 3: Market Functionality Enhancement - The implementation will focus on building a real-time price discovery mechanism and a stable medium- to long-term market to ensure reliable electricity supply [9][30]. - A green electricity market will be developed to enhance environmental value, including a green certificate consumption system [31]. Group 4: Participation of Various Market Entities - The plan encourages equal participation of all types of market entities, including generation and user sides, in the electricity market [22][33]. - New business models such as virtual power plants and smart microgrids will be promoted to enhance flexibility in market participation [34]. Group 5: Establishing a Unified Market System - A unified electricity market rule system will be established, along with a governance framework to enhance regulatory efficiency [35][36]. - A national credit system for the electricity market will be developed to promote trust and transparency among market participants [37]. Group 6: Policy Coordination - The plan emphasizes the need for coordination between electricity planning and market operations to ensure balanced supply and demand [38]. - An emergency response and risk prevention system will be established to manage unexpected market disruptions [38].