Core Viewpoint - The State Council has issued the "Implementation Opinions on Improving the National Unified Electricity Market System," aiming to establish a unified electricity market by 2030 and fully realize it by 2035, promoting efficient resource allocation and supporting energy security and green transformation [1][11]. Group 1: Overall Requirements - The implementation opinions emphasize the need to break market segmentation and regional barriers, ensuring a unified, efficient, and competitive electricity market system that supports energy security and economic development [10][11]. Group 2: Optimization of Electricity Resource Allocation - The opinions call for optimizing the national electricity market system, enhancing cross-province and cross-region electricity trading mechanisms, and promoting seamless integration of trading activities [12][13]. Group 3: Market Functionality Enhancement - There is a focus on developing a robust spot market for real-time price discovery and supply-demand adjustment, with plans for the spot market to be operational by 2027 [14][15]. Group 4: Green Electricity Market Development - The establishment of a green electricity market is prioritized, including a dual system of mandatory and voluntary consumption of green certificates, to expand green electricity consumption [16]. Group 5: Capacity Market Establishment - The opinions propose the creation of a capacity market to ensure reliable power supply, with mechanisms for compensating reliable capacity and supporting the sustainable development of coal and other flexible resources [17]. Group 6: Participation of Various Market Entities - The document encourages equal participation of all market entities, including traditional and new energy sources, in the electricity market, promoting a diverse range of trading models [18][19]. Group 7: Unified Market System and Governance - A unified electricity market rule system and governance framework are to be established, ensuring effective regulation and coordination among various market participants [21][22]. Group 8: Policy Coordination and Emergency Response - The opinions highlight the importance of policy coordination and the establishment of an emergency response system to manage risks and ensure stability in the electricity market [23]. Group 9: Organizational Leadership - The implementation requires strong leadership and coordination among various governmental and regulatory bodies to ensure the effective rollout of the unified electricity market system [24].

Core Viewpoint - The press conference highlighted the significant achievements in high-quality energy development during the "14th Five-Year Plan" period, emphasizing the establishment of a national unified electricity market as a key initiative in China's energy sector reform [1][2][3]. Group 1: National Unified Electricity Market Construction - The construction of the national unified electricity market system is accelerating, with a diverse and comprehensive market being established, including intra-provincial and inter-provincial trading, as well as various trading timeframes and types of services [1][2]. - The implementation of normalized cross-grid trading has been achieved, enhancing the integration of electricity supply across regions [1]. Group 2: Market Rules and Framework - The national unified electricity market rules have been largely completed, with a foundational "1+6" rule system established to address previous fragmentation and regional barriers, ensuring transparency and fair competition [2]. - The new framework allows electricity sales companies to operate nationwide with reduced operational costs through a single registration process [2]. Group 3: Market Scale and Participation - The scale of the electricity market has seen significant growth, with transaction volumes increasing from 10.7 trillion kWh during the "13th Five-Year Plan" to 23.8 trillion kWh, representing more than a doubling of market activity [3]. - The proportion of electricity traded through the market has risen from 40% in 2020 to over 60% for four consecutive years, indicating a robust market participation [3]. - A diverse range of market participants has emerged, including various types of power generation and commercial users, contributing to a well-structured market landscape [3].