锚定改革航向 筑牢市场基石 电力中长期市场纵深发展迈出关键一步 ——《电力中长期市场基本规则》解读 山东电力交易中心董事长 李锋 在我国"十四五"规划圆满收官，"十五五"规划谋篇布局的关键节点，国家发展改革委、国家能源局印发 《电力中长期市场基本规则》（以下简称《基本规则》），进一步夯实全国统一电力市场"1+6"基础规 则体系，既为构建高水平社会主义市场经济体制提供了重要支撑，也体现了国家推进能源领域治理体系 和治理能力现代化的坚定决心。深入领会和贯彻《基本规则》精神，需牢牢把握"一目标、两衔接、三 覆盖"的核心逻辑，推动电力中长期市场在保障能源安全、促进绿色转型、稳定市场运行中发挥更大作 用。 一、坚定一个目标：以市场机制促进"保供应、促转型、稳价格" 《基本规则》紧紧围绕"保供应、促转型、稳价格"核心目标，全面优化电力中长期市场功能定位，筑牢 电力市场运行的根基。 促转型方面，《基本规则》规范绿色电力交易机制，明确绿色电力环境价值独立核算、分开结算原则， 推动绿色价值充分体现。鼓励经营主体参与数年绿电交易，建立绿电合同灵活调整机制，为新能源规模 化发展和消费侧绿色转型提供制度保障。《基本规则》还将虚拟电厂 ...

Core Viewpoint - The article discusses the implementation of the "Basic Rules for the Medium and Long-term Electricity Market," which aims to establish a unified national electricity market, regulate medium and long-term electricity trading behaviors, and adapt to the needs of electricity reform and development [5][11]. Group 1: Market Structure and Trading Mechanism - The medium and long-term electricity market prices will be determined by market participants without third-party intervention, except for government-regulated prices [2][31]. - The rules will facilitate the integration of medium and long-term markets with spot markets, ensuring a smooth transition in trading sequences, clearing, and market settlement [2][14]. - The market will allow for flexible and continuous trading to accommodate the volatility of renewable energy output, promoting long-term power purchase agreements [2][14]. Group 2: Market Participants and Rights - All electricity users participating directly in the medium and long-term market can purchase their entire electricity volume through wholesale or retail markets, but cannot participate in both simultaneously [2][11]. - The rights of market participants, including generation companies, retail companies, and electricity users, are defined, ensuring fair access to services and information [18][19][20]. Group 3: Pricing Mechanism - The pricing mechanism for green electricity transactions will consist of energy prices and green electricity environmental values, with specific regulations on how these values are treated in pricing [31][32]. - The government will set upper and lower limits on prices to prevent market manipulation and unhealthy competition [38][39]. Group 4: Implementation Timeline - The rules will take effect on March 1, 2026, and will be valid for five years [3][66].

Core Viewpoint - The National Development and Reform Commission and the National Energy Administration have issued the "Basic Rules for the Medium and Long-term Electricity Market," aiming to enhance the construction of the medium and long-term electricity market and the spot electricity market, ensuring a stable operation of the electricity market and accommodating the characteristics of renewable energy output fluctuations [1][5]. Group 1: Market Structure and Functionality - The medium and long-term electricity market is defined as a market where registered entities conduct transactions for electricity products or services for future delivery, covering various time frames from years to months [3][4]. - The rules emphasize the importance of integrating medium and long-term trading with spot market operations, facilitating flexible and continuous trading to stabilize long-term consumption space [5][6]. Group 2: Market Participants and Responsibilities - Market participants include power generation companies, electricity sales companies, electricity users, and new business entities, all of which must adhere to market rules and avoid price manipulation [4][5]. - Responsibilities of power generation companies include compliance with market rules, timely completion of electricity payment settlements, and provision of necessary operational information [8][9]. Group 3: Trading Mechanisms and Pricing - The medium and long-term trading includes various delivery cycles such as multi-year, annual, and monthly transactions, with specific trading methods like centralized trading and bilateral negotiations [13][15]. - Pricing mechanisms are determined by market forces, with the government setting overall principles for price formation, ensuring that prices reflect supply and demand dynamics [16][17]. Group 4: Transaction Organization and Management - The organization of cross-regional and provincial electricity trading will be managed by designated electricity trading centers, ensuring a structured approach to market operations [19][20]. - The trading platform must support continuous operations and provide functionalities for registration, transaction clearing, and market monitoring [37][38]. Group 5: Information Disclosure and Compliance - Market information must be disclosed periodically, ensuring transparency and allowing stakeholders to access relevant data for decision-making [35][36]. - Compliance with the rules is mandatory for all market participants, with penalties for violations to maintain market integrity [40][41].

人民财讯12月26日电，国家能源局发布数据，2025年11月，全国交易绿证1.32亿个，其中绿色电力交易 绿证2539万个。2025年1—11月，全国共计交易绿证7.28亿个，其中绿色电力交易绿证2.28亿个。2025年 11月，电量生产年为2024年的绿证交易平均价格4.28元/个，电量生产年为2025年的绿证交易平均价格 5.16元/个。 ...

Core Viewpoint - The article discusses the recently released "Basic Rules for the Medium and Long-term Electricity Market" by the National Development and Reform Commission and the National Energy Administration, aimed at establishing a unified national electricity market and regulating medium and long-term electricity trading behavior [2][8]. Overall Requirements - The construction of the medium and long-term electricity market and the spot electricity market will be coordinated, ensuring smooth transitions in trading sequences, clearing, and market settlements to balance long-term supply and demand [3]. - Cross-regional trading will be promoted, encouraging innovative mechanisms for inter-provincial trading and resource sharing [3][4]. - Market operators will conduct registration, trading organization, settlement, and information disclosure according to unified standards [3]. Participant Registration - Electricity users can purchase all their electricity through wholesale or retail markets but cannot participate in both simultaneously. Users not directly participating can have their electricity purchased by grid companies [5][20]. Pricing Mechanism - The overall principles for market pricing will be set by the State Council's pricing authority, with local authorities developing specific implementation details [6]. - Transaction prices will be formed by market participants, with no third-party interference, and green electricity prices will consist of energy prices and environmental values [6][7]. - The government will set price limits to prevent market manipulation and ensure fair pricing [7][39]. Trading Types and Price Mechanism - Medium and long-term trading will include various delivery periods, with green electricity trading being a significant focus, allowing for the purchase of renewable energy [34][35]. - Contracts can be transferred to third parties, and green electricity contracts must ensure traceability of environmental values [36][38]. Transaction Organization - Cross-regional transactions will be organized by designated electricity trading centers, with monthly trading calendars published by trading institutions [41][42]. - Key parameters for transactions must be clearly defined before trading begins, and adjustments cannot be made during the trading process [44]. Contract Management - All market participants must sign medium and long-term trading contracts, which will serve as the basis for execution [64][65]. - In emergencies, the electricity dispatching agency can prioritize safety in scheduling and report incidents to regulatory bodies [68]. Measurement and Settlement - Settlements will generally occur monthly, with specific reference points for pricing established based on market clearing prices [72][73]. - Green electricity transactions will have separate settlements for energy and environmental values, ensuring compliance with sustainability pricing mechanisms [78]. Information Disclosure - Market information will be disclosed periodically, with a retention period of at least two years [81][82]. Technical Support System - The electricity trading platform will include various functional modules to support market operations and ensure data interoperability among different systems [84][86].

中国城市发展研究院投资部副主任袁帅对记者表示，跨省跨区电力交易的深化，正推动我国能源治理体系向"全国一盘 棋"转型。过去，各省基于自身利益制定交易规则，导致省间通道利用率参差不齐、市场价格信号扭曲，政策通过统一交易规 则、计量标准与结算方式，消除了制度性障碍，如明确跨省交易电量以"落地端"计量为准，避免输电损耗分摊争议，建立全国 统一的电力市场数据平台，实现交易信息实时共享与监管等，这些举措让电力要素得以在全国范围自由流动，优化了资源配置 效率。 袁帅介绍，跨经营区交易常态化开市，是用市场化手段破解清洁能源开发与利用的时空错配难题，接下来，还需要加强顶 层设计，如制定统一的跨区交易规则与标准，消除地方保护主义，营造公平开放的交易环境。此外，还应加大对跨区输电通道 的投资建设力度，根据绿电资源分布与用电负荷需求，科学规划通道布局，提高通道输送能力与效率。 （编辑 贺俊） 绿色电力交易作为电力市场中的新兴板块，正逐渐成为推动能源转型与可持续发展的关键力量，通过绿色电力交易，一方 面可以解决跨区消纳能力不足导致"弃风弃光"的问题，另一方面，绿色电力交易鼓励清洁能源发电企业积极参与市场，促使更 多风能、太阳能等可再生 ...

Core Insights - The annual electricity export volume from Shaanxi Province has reached 100.07 billion kilowatt-hours, marking a 21% year-on-year increase and surpassing the 100 billion kilowatt-hours milestone for the first time [1] Group 1: Electricity Export Growth - Shaanxi Province has successfully expanded its electricity export market by utilizing the "grid-to-grid" model, delivering power to regions such as Beijing-Tianjin-Hebei and Shandong [1] - The province has also initiated green electricity trading, achieving a green power export volume of 450 million kilowatt-hours, laying the groundwork for further expansion of green electricity by 2026 [1] Group 2: Infrastructure Development - Shaanxi has established and is operating five major power transmission and transformation projects, including the ±800 kV ultra-high voltage direct current from Northern Shaanxi to Hubei and the 1000 kV ultra-high voltage alternating current from Yulin to Weifang, Shandong [1] - The Northwest Power Grid, through the Shaanxi hub, has successfully delivered electricity to 24 provinces, regions, and municipalities, contributing to national supply security [1]

Core Viewpoint - The acceleration of building a new power system dominated by renewable energy in China is driven by the "dual carbon" goals, leading to sustained high investment levels in the electricity sector [1] Industry Summary - China's total investment in the electricity sector has remained at a high level in recent years, reflecting ongoing commitment to energy transition [1] - Continuous deepening of electricity market reforms is expediting the entry of virtual power plants into the market, integrating resources like energy storage for market transactions [1] - The steady promotion of green electricity trading is creating broader market opportunities for energy storage [1] - Rapid development of emerging industries such as large models, data centers, and artificial intelligence is driving global electricity demand, resulting in urgent needs for energy storage and electrical equipment [1] Company Summary - The company will closely monitor market changes and leverage its technological accumulation and market demand to actively seize development opportunities [1]

Core Viewpoint - The article discusses the implementation plan for the "Beijing Renewable Energy Development and Utilization Regulations," emphasizing the integration of renewable energy into economic planning and the establishment of a new energy system to promote green and low-carbon transformation in the city [8][9]. Summary by Sections Overall Requirements - The plan aims to guide the development of renewable energy in Beijing, aligning with national policies and promoting sustainable development [9]. Main Tasks - Establish a comprehensive renewable energy planning system, integrating it into national and local economic plans [10]. - Accelerate the application of renewable energy, including increasing installed capacity for solar and wind energy [13]. - Enhance regional energy cooperation, particularly within the Beijing-Tianjin-Hebei area [13]. - Develop a new power system with a focus on smart grids and flexible power regulation [14]. Renewable Energy Promotion - Promote the establishment of a renewable energy consumption mechanism, including green certificate markets and green power consumption accounting [19]. - Encourage the use of renewable energy in public services and data centers, aiming for over 80% green power consumption by 2025 and 100% by 2030 [19]. Support for Technology and Industry Development - Support the establishment of innovation platforms in renewable energy, focusing on hydrogen, storage, and other key areas [21]. - Promote the development of a renewable energy standard system and enhance financial support for renewable energy projects [22]. Implementation Organization - Strengthen coordination among various departments and ensure the responsibilities of local governments and energy enterprises are clearly defined [24].

Core Viewpoint - The report highlights significant progress in the construction of China's unified electricity market in 2024, emphasizing the establishment of various market mechanisms and the promotion of clean energy, with a focus on achieving a unified, efficient, and sustainable future for the energy system by 2025 [4][6]. Group 1: Overview of the 2024 Electricity Market - In 2024, the total installed power generation capacity reached 3,349 million kilowatts, with an increase of 429 million kilowatts, of which wind and solar power accounted for 358 million kilowatts, representing a year-on-year growth of 33.9% [9][10]. - The total electricity generation in 2024 was 10.09 trillion kilowatt-hours, a year-on-year increase of 6.7%, with wind and solar contributing 3,660 billion kilowatt-hours, accounting for 58.1% of the total increase [11][12]. - The total electricity consumption reached 9.85 trillion kilowatt-hours, growing by 6.8% year-on-year, with an average annual growth rate of 6.6% from 2016 to 2024 [13]. Group 2: Market Progress and Achievements in 2024 - The number of market participants increased to 816,000, a year-on-year growth of 8.9%, with 35,000 power generation companies and 774,000 electricity users [17]. - The total market-based electricity trading volume reached 6.18 trillion kilowatt-hours, a 9.0% increase, accounting for 62.7% of total electricity consumption [20][22]. - Cross-provincial and cross-regional medium- and long-term trading volume reached 1.39 trillion kilowatt-hours, a year-on-year increase of 19.8% [28]. Group 3: Market Mechanism and Structure - The inter-provincial electricity spot market officially commenced operations on October 15, 2024, covering the entire national grid and promoting inter-provincial electricity mutual assistance [43]. - The inter-provincial spot market recorded a total transaction volume of 37.631 billion kilowatt-hours in 2024, with an average transaction price of 0.412 yuan per kilowatt-hour [44]. - The southern regional electricity market achieved significant progress, with over 200,000 registered market participants and a market-based electricity volume accounting for 72.5% of total sales [50]. Group 4: Regulatory and Rule System Development - The basic rule system for the electricity market was initially established, including the issuance of fundamental rules for market operation, information disclosure, and registration [73][74]. - The green electricity market saw a substantial increase, with green certificate transactions reaching 446 million, a year-on-year growth of 364% [76]. - The auxiliary service market expanded, with total costs amounting to 40.25 billion yuan, and the average cost per kilowatt-hour for users was 0.0008 yuan [68]. Group 5: Future Outlook for 2025 - The unified electricity market is expected to be initially established by 2025, serving as a platform to gather consensus and address reform challenges [6]. - The report emphasizes the need for continued efforts to enhance market efficiency and sustainability, supporting the transition to a clean, low-carbon energy system [6].