Core Viewpoint - The implementation of the new cross-grid electricity trading mechanism will significantly alter the landscape for electricity sales companies, leading to a larger market, more players, faster pace, and more complex rules, ultimately increasing profit opportunities and requirements for companies [1][26]. Summary by Sections National Unified Electricity Market - A new important document was released on July 14 by the National Development and Reform Commission (NDRC), marking a significant breakthrough in electricity system reform and a key step in building a national unified electricity market [2]. - The document outlines a cross-grid trading mechanism that aims to break market segmentation and achieve "soft connectivity" between the State Grid and Southern Grid [2][9]. Trading Mechanism Details - The mechanism includes detailed designs for various trading types, safety checks, execution principles, and information sharing [2][3]. - It sets short-term, medium-term, and long-term goals for integrating trading within and across the two grids [3][9]. Impact on Electricity Sales Companies - Following the announcement, many electricity sales companies began preparing to understand the implications for their future operations [4]. - Companies that fail to upgrade their systems within 1-2 years may be forced to retreat to regional retail or transform into service providers [4][20]. - Leading companies can leverage their national business layouts to engage in large-scale cross-regional trading, enhancing their market opportunities [4][20]. Market Dynamics and Trading Opportunities - The new scheme will increase the variety of trading products and shorten trading cycles, providing more options and profit points for market participants [22][25]. - The transition from annual and monthly trading to continuous trading on working days will require companies to enhance their algorithmic trading and real-time risk management capabilities [25][26]. Regulatory and Structural Changes - The scheme addresses the historical market segmentation between the State Grid and Southern Grid, filling a regulatory gap for cross-grid trading [9][10]. - It promotes a principle of "one registration, nationwide sharing," allowing companies to operate across different regions without the need for multiple registrations [15][20]. Future Outlook - By 2025, the market is expected to see more market-based trading methods and a reduction in trading cycles, catering to the green consumption needs of electricity users [7]. - The long-term vision includes achieving a unified market with fair competition and optimized resource allocation across the country by 2030-2035 [9].
跨电网经营区常态化电力交易落地 售电行业迎来大洗牌
经济观察报·2025-07-16 04:33