Core Viewpoint - The reform of the capacity price mechanism for regulating resources is essential to ensure the security of the power grid and promote the consumption of renewable energy, with a focus on balancing system demand, regulation effectiveness, and economic viability [2][4]. Summary by Sections Overall Thoughts on Capacity Price Mechanism - The capacity price mechanism should integrate the construction of a unified national market, power system security, and green low-carbon development, promoting a combination of effective markets and proactive government involvement [4]. - A functional and utility-oriented pricing mechanism should be established based on performance indicators such as regulation speed, response time, and peak duration [4]. Optimization of Coal Power Capacity Price Mechanism - The coal power capacity price policy significantly enhances system supply regulation capabilities and promotes coal power transformation [6]. - Recommendations include adjusting capacity price ratios and standards by province, with specific price adjustments suggested for provinces based on their coal power utilization and operational conditions [6][7]. Reform Path for Pumped Storage Capacity Price Mechanism - A phased and regionally differentiated capacity price mechanism should be designed, transitioning towards a capacity market that matches energy and ancillary service markets [9][10]. - The establishment of regional benchmark prices is encouraged, with incentives for pumped storage to participate in the electricity market [10]. Development Path for New Energy Storage Capacity Price Mechanism - The new energy storage capacity price mechanism should adhere to a principle of "market-oriented with policy support," with a focus on establishing a capacity market that competes with other regulatory resources [12]. - Effective capacity should be assessed based on peak capacity and discharge duration, with price benchmarks set according to advanced fixed costs and system price tolerance [12].