完善全国统一电力市场体系 推动电力资源优化配置

Core Viewpoint - The State Council issued the "Implementation Opinions on Improving the National Unified Electricity Market System," aiming to deepen electricity system reform and enhance market and pricing mechanisms to achieve market-based allocation of electricity resources nationwide [1][2]. Group 1: Objectives and Tasks - After ten years of reform, significant progress has been made in China's electricity market construction, with market-based electricity production and a multi-level market structure established [2]. - By the end of 2025, market-based electricity transactions are expected to reach 6.6 trillion kilowatt-hours, accounting for 64% of total electricity consumption, with cross-provincial transactions increasing to approximately 1.6 trillion kilowatt-hours [2]. - The policy aims to address new challenges posed by changes in electricity production methods, consumption patterns, and the rising share of renewable energy [2][3]. Group 2: Future Goals - By 2030, the goal is to establish a basic national unified electricity market system, with market-based transactions accounting for about 70% of total electricity consumption [3]. - By 2035, the market system is expected to be fully established, with a mature market function and a steady increase in the proportion of market-based transactions [3]. Group 3: Implementation Pathways - The Opinions outline a transition from "individual pricing and trading" to "unified pricing and joint trading" across different market levels [4]. - It emphasizes the need to improve cross-provincial trading systems and enhance the integration of the State Grid and Southern Grid for smoother electricity transactions [4][6]. - The establishment of a capacity market is proposed to ensure the profitability of adjustable power sources and enhance system supply capabilities [4]. Group 4: Breaking Barriers and Optimizing Allocation - The policy is seen as a significant benefit for optimizing electricity resource allocation nationwide and improving overall efficiency [6]. - It aims to dismantle regional barriers created by provincial power generation groups, fostering a fair and transparent market environment [6]. - The plan includes enhancing cross-regional electricity trading to facilitate the flow of clean energy from resource-rich western regions to energy-deficient eastern regions, addressing issues of renewable energy waste [6][7]. Group 5: Industry Response - Industry experts suggest that the new policy will require all market participants, including power generation companies and commercial users, to adapt their strategies to the new market rules [7]. - There is an expectation for the policy to overcome past reform challenges and achieve effective implementation [7].