媒体报道丨每3度电有2度“市场定”，意味着什么？

Core Viewpoint - The article highlights the significant progress in China's electricity market reform, with market-based transactions accounting for 64.0% of total electricity consumption in 2025, indicating that two out of every three kilowatt-hours are traded through market mechanisms [3][4]. Group 1: Market Transaction Growth - In 2025, the cumulative electricity transaction volume reached 6.64 trillion kilowatt-hours, a year-on-year increase of 7.4% [3]. - Cross-provincial and cross-regional electricity transactions reached a historical high of 1.59 trillion kilowatt-hours, growing faster than the national average by 4.2 percentage points [5]. - Green electricity transactions surged to 328.5 billion kilowatt-hours, marking a 38.3% increase and achieving 18 times the scale of 2022 [6]. Group 2: Market Mechanism and Flexibility - The provincial-level spot market achieved near-complete operational coverage, and the medium- to long-term electricity market continued to operate effectively, enhancing market transaction mechanisms [4]. - The market's flexibility is demonstrated by the active participation of over 1 million registered entities, contributing to increased market activity [4]. Group 3: Price Signals and Supply Security - The spot market's pricing mechanism encourages interaction between supply and demand, with high prices during peak times motivating power generation companies to enhance operational reliability [8]. - In 2025, the peak load in regions like Shandong and Guangdong reached new highs, driven by price signals that incentivized proactive maintenance [8]. Group 4: Retail Market Development - By the end of 2025, there were 5,288 registered electricity retail companies serving over 700,000 electricity users, with retail transactions accounting for 60% of market-based transactions [10]. - The retail market is seen as a crucial element for activating demand-side resources and enhancing system flexibility [10]. Group 5: Regulatory Enhancements - The National Energy Administration is implementing dynamic management to clean up dormant retail companies, ensuring a healthy market ecosystem [11]. - In 2026, further regulations will be established to enhance the retail market framework, including the revision of the "Electricity Retail Market Basic Rules" [12][13]. - The regulatory framework will focus on risk prevention and monitoring, aiming to maintain fair competition within the electricity market [14].