Core Viewpoint - The article discusses the significance of the "Basic Rules for Metering and Settlement in the Electricity Market," emphasizing its role in enhancing market efficiency and fairness through standardized measurement and settlement processes [3][9]. Group 1: Data Management - Accurate metering data is fundamental for market efficiency, influencing the physical precision of electricity delivery and the overall transaction costs in the market [4]. - The rules establish a standardized framework for various types of settlement data, including archives, contracts, and pricing policies, ensuring a unified approach to data management [4]. - The rules also define measurement units at the national level, standardizing the format for quantity, price, and fee data across the electricity market [4]. Group 2: Process Coordination - The rules outline a clear workflow for metering and settlement, detailing the responsibilities of market participants, grid companies, and market operators [5]. - By clarifying the sequence and requirements of the settlement process, the rules aim to enhance operational efficiency and transparency within the electricity market [5]. Group 3: Timeliness and Efficiency - The rules introduce a "daily clearing and monthly settlement" requirement, specifying timelines for the issuance of settlement documents and payment processes [6]. - This structured approach is designed to improve settlement efficiency, reduce cash flow cycles, and enhance the overall operational quality of the electricity market [6]. Group 4: Fairness and Equity - Fairness is a fundamental principle of the electricity market, with the rules implementing measures to ensure timely, accurate, and traceable settlements [8]. - The rules prohibit the establishment of unbalanced funds and require independent recording of each settlement item, thereby protecting the rights of market participants [8]. - In cases of metering data errors, the rules provide mechanisms for correction and compensation, ensuring that disputes are resolved fairly [8]. Conclusion - The core objective of the rules is to create a "precise value settlement system" that aligns with the modern electricity market, balancing efficiency and fairness [9]. - As the digital economy and energy revolution converge, the importance of accurate metering and reliable settlement will increasingly support the electricity market's role as a modern economic engine [9].

Core Viewpoint - The issuance of the "Basic Rules for Metering and Settlement in the Electricity Market" by the National Development and Reform Commission and the National Energy Administration aims to enhance market efficiency and fairness through standardized measurement and settlement processes [2][7]. Group 1: Data Management - Accurate metering data is fundamental for market efficiency, influencing the physical precision of electricity delivery and the overall transaction costs in the market [3]. - The rules establish a standardized framework for the data required for settlement, including archives, contracts, dispatch execution, metering, and pricing policies, thereby laying a foundation for unified settlement management [3][4]. - The rules also define measurement units at the national level, standardizing the format for quantity, price, and fee data across the electricity market [3]. Group 2: Process Coordination - The rules outline a clear workflow for metering and settlement, specifying the roles and responsibilities of market participants, grid companies, and market operators [4]. - This structured approach enhances operational efficiency and transparency in the electricity market, supporting the development of a unified national electricity market [4]. Group 3: Efficiency Improvement - The rules introduce a "daily clearing and monthly settlement" requirement, with precise timelines for each step in the settlement process, thereby improving efficiency and reducing cash flow cycles [5]. - Key deadlines include the issuance of settlement bases by trading institutions by the 8th working day of each month and the issuance of electricity bills by grid companies by the 10th working day [5]. Group 4: Fairness and Equity - Fairness is a fundamental principle of the electricity market, with the rules implementing measures to ensure timely, accurate, and traceable metering and settlement [6]. - The rules prohibit the establishment of unbalanced funds and require independent recording of each settlement item, ensuring clarity and accountability [6]. - In cases of metering data errors, the rules provide mechanisms for correction and compensation, safeguarding the rights of market participants [6]. Conclusion - The core objective of the rules is to create a "precise value settlement system" that aligns with modern electricity market needs, balancing efficiency and fairness while showcasing innovative institutional design [7].