Core Insights - The State Council's press conference highlighted the achievements in high-quality energy development during the "14th Five-Year Plan" period, emphasizing the establishment of a multi-level, multi-category, and multi-functional national unified electricity market system [1][2] Group 1: Energy Market Reforms - The energy pricing mechanism has been rapidly improved, with coal and renewable energy fully entering the market, and most electricity prices being determined by market competition [1] - The construction of the energy market system has accelerated, with a comprehensive national unified electricity market established, including mid-to-long-term and ancillary service market transactions [1] - The electricity spot market is expanding nationwide, with seven regions having established operational spot markets, creating the world's largest "electricity supermarket" [1] Group 2: Innovation in Energy Industry - The energy sector is experiencing accelerated innovation, with new operational entities and models emerging, such as virtual power plants, which aggregate and utilize idle adjustable resources [2] - The total capacity of virtual power plants has exceeded 35 million kilowatts, equivalent to one and a half Three Gorges power stations [2] - New energy storage technologies are advancing rapidly, with a total capacity of approximately 95 million kilowatts, representing a 30-fold increase since the end of the "13th Five-Year Plan" and accounting for over 40% of the global total [2]