Core Viewpoint - The Southern Regional Electricity Market is a significant innovation in optimizing electricity resource allocation across multiple provinces, marking a key step in the construction of a unified national electricity market [2]. Group 1: Market Overview - The Southern Regional Electricity Market is the first continuous operating regional electricity market in China, covering Guangdong, Guangxi, Yunnan, Guizhou, and Hainan, with over 220,000 registered entities including various power generation sources and electricity users [1]. - It is the largest unified clearing electricity spot market globally, with a daily trading volume of 3.8 billion kilowatt-hours, surpassing the combined electricity consumption of the UK, France, and Germany [1]. Group 2: Operational Developments - Since its initial trial operation in 2022, the Southern Regional Electricity Market has continuously optimized its market mechanism design, establishing a "Joint Conference + Management Committee" management model [1]. - A comprehensive rule system "1 + N + 5X" has been constructed, validated through four rounds of power adjustment trials and eight rounds of settlement trials, ensuring the effectiveness of market rules, operational management, and technical support systems [1].

Core Viewpoint - The Southern Regional Electricity Market has officially launched continuous settlement, marking the transition to a normalized operation of China's first multi-provincial electricity spot market, facilitating greater freedom of electricity resource flow across the nation [2][3]. Group 1: Market Overview - The market encompasses five provinces: Guangdong, Guangxi, Yunnan, Guizhou, and Hainan, allowing participation from various energy types including coal, nuclear, renewable, hydro, and gas power [2][4]. - Over 831 power plants and more than 700 users participated in the market on its opening day, with a declared electricity volume of 22 billion kilowatt-hours, including 501 renewable energy stations, setting a new record since the market's inception [2][3]. Group 2: Operational Changes - The market has transitioned from short-term trading (weekly and monthly) to continuous daily trading, enabling real-time cross-province electricity transactions based on demand [2][4]. - The expected average daily trading volume is projected to reach 38 billion kilowatt-hours, enhancing the market's role in electricity resource allocation [2]. Group 3: Technological and Structural Innovations - The market employs a competitive bidding mechanism among different provinces and energy types, promoting fairness and efficiency in resource allocation [3][4]. - Utilizing the domestically developed "Tianquan" solver, the market supports over 6,000 model nodes and more than 1.2 million clearing variables, optimizing pricing and distribution in real-time [3]. Group 4: Regional Integration and Impact - The integration of Hainan into the Southern Regional Electricity Market signifies a milestone in the construction of a unified national electricity market, with over 220,000 registered market entities [4]. - The market's continuous settlement mechanism allows for more flexible and accurate electricity flow between provinces, particularly between Hainan and Guangdong, adapting to the rapid changes in renewable energy consumption [4].

Core Viewpoint - The construction of a unified national electricity market in China is a critical task mandated by the central government, with a target to be preliminarily established by 2025, emphasizing the urgency and importance of this initiative [2][4]. Group 1: National Electricity Market Construction - The National Energy Administration held a meeting on June 23, 2023, to accelerate the construction of the national unified electricity market, highlighting the need for consensus and collaboration to meet the 2025 deadline [2]. - The establishment of a unified electricity market is seen as essential for energy transition and optimizing electricity resource allocation, especially in the context of significant global economic challenges [2][3]. - The market structure aims to restore the commodity nature of energy, allowing market mechanisms to primarily determine energy prices, which aligns with the principles of market economy [3]. Group 2: Challenges and Tasks - Despite progress since the 2015 electricity system reform, challenges remain, including slow development of local electricity spot markets and issues of local protectionism that disrupt fair competition [4][5]. - The meeting outlined six key tasks for the second half of the year, focusing on expanding provincial electricity spot market coverage, improving market mechanisms, and enhancing regulatory frameworks [5]. - 2025 marks a critical juncture for the electricity system reform, necessitating a strong commitment from all stakeholders to ensure the successful establishment of the unified electricity market [5].

Core Viewpoint - The article emphasizes the importance and urgency of constructing a unified national electricity market in China, aiming for its preliminary establishment by 2025, in alignment with the decisions made by the central government [1][2]. Group 1: Meeting Highlights - The National Energy Administration (NEA) has made significant progress in building a multi-layered and multi-functional electricity market system since the new round of electricity system reform, effectively supporting supply security, transformation, and price stability [1]. - The meeting reported advancements in the construction of the unified electricity market, including breakthroughs in cross-regional electricity trading mechanisms and accelerated development of provincial electricity spot markets [1][2]. Group 2: Key Initiatives - The meeting outlined a focus on "six grabs and six promotions" to ensure the completion of the unified electricity market by 2025, which includes promoting provincial electricity spot market coverage, advancing cross-provincial trading, and accelerating the implementation of market rules [2]. - Emphasis was placed on breaking down local protectionism and inter-provincial barriers, improving the regulatory framework, and fostering a positive market environment [2].

保持用能成本总体稳定。在近年全球范围内能源供应趋紧、价格大幅波动的背景下，我国通过完善 电价机制、推进市场化交易等措施，保障电价基本稳定。居民和工商业平均电价水平分别为全球50 个主要经济体平均水平的32%、39%，均列第44位，在国际上处于较低水平。 经过一系列政策措施有序推动，改革红利有效释放，电力市场进一步发挥了"保供应、促转型、稳 价格"作用，有力促进了经济社会高质量发展。 助力保障电力供应。电力中长期交易电量占市场化电量比重超90%，充分发挥"压舱石"作用。 2024年迎峰度夏期间，在用电负荷大幅高于往年情况下，依托中长期市场及省间现货市场，跨区 通道最大送电达1.42亿千瓦，最大支援华东、西南1400万千瓦，有效保障经济社会发展用电需 要。 有效促进低碳转型。6月3日起，安徽绿电日挂牌交易进入常态化开展阶段，从多年期到逐日交易， 实现绿电交易全周期覆盖。在安徽铜陵，国网铜陵供电公司主导建设铜陵市虚拟电厂，结合当地高 载能企业占比多、绿电需求大的产业特点，聚合分布式光伏、用户侧储能等6类资源超9万千瓦，积 极参与电力市场交易。 国网铜陵供电公司营销部主任董文杰介绍，公司开展绿电交易试点，构建"中长期 ...

6月4日，国家能源局发布《关于组织开展新型电力系统建设第一批试点工作的通知》，提出围绕构网型技 术、系统友好型新能源电站、智能微电网、算力与电力协同、虚拟电厂、大规模高比例新能源外送、新一 代煤电等七个方向开展试点，探索新型电力系统建设新技术、新模式，推动新型电力系统建设取得突破。 在算力与电力协同层面，《通知》明确，重点在国家枢纽节点和青海、新疆、黑龙江等能源资源条件好的非 枢纽节点地区，在科学整合源荷储资源的基础上，统筹地区存量及增量数据中心绿电需求和新能源资源条 件，协同规划布局算力与电力项目。通过探索新能源就近供电、聚合交易、就地消纳的"绿电聚合供应"模 式，提高数据中心绿电占比。通过算力负荷与新能源功率联合预测、算力负荷柔性控制、智能化调度等技 术，提升源荷协同水平，降低负荷高峰时段电网保障容量需求。加强数据中心余热资源回收利用，提高能源 使用效率。探索光热发电与风电、光伏发电联合运行，提升稳定供应水平。 在新一代煤电方向上，《通知》提出对照《新一代煤电升级专项行动实施方案（2025—2027年）》中新一代 煤电试点指标要求，积极推动具备条件的现役机组和新建机组针对清洁降碳、高效调节两类指标分别开展 ...

智通财经6月4日电，国家能源局2025年电力市场建设能力培训班暨电力市场建设工作座谈会在云南昆明 举办。会议要求，要深刻认识全国统一电力市场建设面临的新形势、新任务，准确把握派出机构市场建 设和监管能力建设新挑战、新要求，进一步健全完善电力市场顶层设计和"1+6"基本规则体系，持续推 进南方区域、长三角电力市场建设，加快推动各省（区、市）电力现货市场转入连续运行，稳妥推进新 能源全面参与市场，指导各地有效落实国家基础规则要求，统筹有序抓好年度重点监管工作，深化穿透 式监管、数字化监管创新实践，有效筑牢电力市场运行"三道防线"，全力完成2025年初步建成全国统一 电力市场的目标任务。 国家能源局：持续推进南方区域、长三角电力市场建设 加快推动各省（区、市）电力现货市场转入连 续运行 ...

会上，国家能源局市场监管司通报了电力市场建设和市场监管总体情况，宣贯解读了《电力辅助服 务市场基本规则》等规则制度，解答了各派出机构关切问题。国家发展改革委体改司、价格司介绍 了全国统一电力市场体系建设、推进新能源全面参与市场等政策考虑。南方、华东、西北监管局， 甘肃、山西监管办分享了电力市场建设和市场监管典型实践经验。参会人员表示，本次培训深化了 对建设全国统一电力市场的认识，进一步提升了电力市场建设业务能力，对做好下阶段市场建设和 监管工作具有重要指导意义。 国家发展改革委体改司、价格司，驻委纪检监察组 ， 国家能源局市场监管司 、 机关党委（人事 司） 、 各派出机构相关人员参加会议。 5月28日至29日，国家能源局2025年电力市场建设能力培训班暨电力市场建设工作座谈会在云南昆 明举办。国家能源局党组成员、副局长宋宏坤出席会议并讲话。 会议指出，新一轮电力体制改革以来，电力市场建设取得积极成效，市场化交易规模持续扩大，市 场制度规则体系加速成型，市场功能持续深化，中长期、现货和辅助服务市场体系有机衔接，统筹 开展电力领域综合监管、专项监管、不当干预行为整治等市场监管工作，市场优化资源配置作用进 一步显 ...

Group 1 - The core viewpoint of the news highlights the strong performance of the green electricity ETF (159669), which has risen nearly 1% amid market fluctuations [1] - The Guangdong Power Trading Center has issued draft rules for the sustainable development pricing settlement mechanism for new energy projects, which includes a formula for calculating the price difference based on market averages [1] - The mechanism will have a competitive bidding process for determining the incremental project price, with a cap on the mechanism volume ratio not exceeding 90% [1] Group 2 - Open Source Securities anticipates a significant increase in green certificate issuance in 2024, which may initially depress prices but will stabilize as supply pressures ease [2] - The introduction of consumption ratio assessments for high-energy industries and data centers by the National Development and Reform Commission is expected to boost institutional demand and invigorate the green certificate market [2] - The combination of "electricity + green certificate" bundled trading and mandatory consumption policies is projected to enhance the environmental value of green certificates, leading to improved ROE for renewable energy operators [2]

国家能源局有关负责人介绍，近年来，各地结合实际情况，逐步探索建立了调峰、调频、备用等电力辅 助服务市场，实现了电力辅助服务从计划到市场、从发电侧到多元主体的转变。截至目前，全国共有16 个省建立调峰市场，15个省建立调频市场，2个省建立爬坡市场，6个区域分别建立调频、备用、调峰等 市场。 "以调峰市场为例，2024年全国调峰市场中标电量1204亿千瓦时，对促进新能源消纳发挥了重要作 用。"该负责人强调。 4月29日，国家发展改革委、国家能源局联合印发的《电力辅助服务市场基本规则》（以下简称《基本 规则》）正式发布。《基本规则》的制定旨在加快推进全国统一电力市场建设，规范电力辅助服务市场 运营管理，维护市场运营主体合法权益。 电力辅助服务是指为维持电力系统安全稳定运行，保证电能质量，除正常电能生产、输送、使用外，由 可调节电力资源提供的调峰、调频、备用、爬坡等服务。 《基本规则》提出，按照"谁提供、谁获利，谁受益、谁承担"原则，优化各类电力辅助服务市场价格形 成机制，健全电力辅助服务费用传导机制，充分调动可调节资源主动参与系统调节的积极性，构建统一 规范的电力辅助服务市场体系，服务新型电力系统建设。 在此背景下 ...