Core Insights - Gansu's electricity spot market has been operational for one year, significantly impacting power supply security, renewable energy consumption, and resource optimization, providing a replicable solution for high renewable energy scenarios and supporting the national unified electricity market construction [1][2]. Group 1: Market Overview - The electricity spot market operates on a trading mechanism based on medium- and long-term market transactions, focusing on day-ahead, intraday, and real-time electricity trading, and is a crucial part of the national unified electricity market [2][3]. - As of August 2023, Gansu has 563 generating entities with a total installed capacity of 74 million kilowatts participating in the spot market, and 454 user-side participants with an average monthly electricity consumption of nearly 5 billion kilowatt-hours, accounting for 60% of market-based electricity consumption [2]. Group 2: Market Characteristics - The Gansu electricity spot market has five key characteristics: improved market structure, stable and efficient operation, significant supply and consumption results, activated market participant vitality, and continuous optimization demonstrating its exemplary value [3]. - Gansu has the longest continuous settlement operation time in the national electricity spot market, accumulating rich experience in market mechanisms, rules, technical solutions, operational parameters, and risk control indicators since the trial operation began in May 2021 [3]. Group 3: Renewable Energy Integration - Gansu's renewable energy installed capacity exceeds 65% of the total grid capacity, and the spot market effectively enhances renewable energy consumption, promoting a green and low-carbon energy transition [4]. - During peak solar generation hours, coal-fired power plants reduce their output to 33% of rated capacity to accommodate renewable energy, while user load curves have adapted to better fit renewable generation characteristics, leading to lower electricity prices for users [4]. Group 4: Market Mechanism Innovation - Gansu is a pioneer in implementing a "quote and quantity" model for renewable energy, allowing renewable energy companies to participate in the spot market, transitioning from a policy-driven to a market-driven approach [5]. - Since 2021, 325 renewable energy companies in Gansu have completed the "quote and quantity" functionality, with 680 billion kilowatt-hours of self-reported electricity in 2024, representing 84.4% of total renewable generation, and an accuracy rate of 92.3%, an increase of 8.7 percentage points from 2023 [5]. Group 5: Future Developments - Gansu plans to enhance market operation monitoring, improve operational rule systems, and increase compliance levels to ensure the continued optimization and efficient operation of the electricity spot market [6]. - The province aims to provide replicable provincial market construction solutions to contribute to the national unified electricity market system [6].

Core Viewpoint - The article discusses the implementation of a series of rules for the electricity market in Hunan Province, focusing on long-term trading, spot market trading, and ancillary services, aiming to enhance market efficiency and participation [1]. Participation Entities - In the long-term electricity market, participants include energy storage companies, aggregators, virtual power plants, and smart microgrids [2]. - The spot market involves independent new energy storage and virtual power plants [2]. - The frequency regulation ancillary services market includes coal-fired, thermal storage, and gas units, as well as independent storage and virtual power plants [2]. Participation Content - Long-term market prices are formed within a range of "time-based trading benchmark price + upward and downward fluctuations," encouraging active peak-shaving participation [3]. - In the spot market, independent new energy storage must be no less than 5MW/10MWh and can participate by choosing to report volume without quoting prices, using the average node price for settlement [3]. - Virtual power plants also participate in a similar manner, using the unified settlement point price for their respective periods [3]. Frequency Regulation Market Details - The response time for coal, thermal storage, and gas units is set at 60 seconds, while hydropower units have a response time of 20 seconds, and storage units have a response time of 5 seconds [5]. - Independent storage must have a frequency regulation capacity of no less than 10MW, with a duration of at least 1 hour [5]. - The price declaration range for frequency regulation is set between 4-15 yuan/MW, with a clearing capacity cap of 10MW for frequency regulation units [5]. Market Parameters - Key market parameters include weight coefficients for regulation rate, response time, and regulation accuracy, with initial values set at 0.4, 0.3, and 0.3 respectively [6]. - The comprehensive frequency regulation performance index entry threshold is set at 0.3, with a standard response time of 60 seconds [6]. Market Connection - During the operation of the spot market, no separate peak-shaving ancillary service trading will be conducted within the province [9]. - The frequency regulation ancillary services market and the spot market will clear separately, with independent new energy storage required to choose participation in either market [9]. Peak-Shaving Ancillary Services Market - The price cap for the peak-shaving ancillary services market is set at no more than 450 yuan/MWh, aligning with the on-grid price of the province's grid-connected renewable energy projects [10]. - Specific price limits for coal-fired peak-shaving are set at 400 yuan/MWh for the fourth tier and 450 yuan/MWh for the fifth tier, while new energy storage is capped at 450 yuan/MWh [10].

Core Viewpoint - The article discusses the establishment of a new electricity spot market system in Sichuan, emphasizing a model that integrates multiple power sources, optimizes all electricity volumes, and operates throughout all water periods, aiming to enhance supply security and promote renewable energy consumption [1][14]. Group 1: Overall Requirements - The new electricity spot market system will be built on principles of safety, locality, and scientific connection, ensuring reliable power supply while optimizing energy resources and promoting a green energy transition [15]. - Key tasks include establishing a market mechanism that meets Sichuan's supply and consumption needs, enhancing the connection between long-term and spot markets, and developing supporting rules for market transactions and risk management [15][16]. Group 2: Market Participants - Market participants include various types of power generation companies, electricity users, electricity sales companies, and new operational entities such as distributed renewable energy, independent storage, and virtual power plants [2][17]. - Specific types of power generation companies involved are provincial hydropower, public coal-fired power, and centralized renewable energy, while gas and biomass plants are currently excluded [2][17]. Group 3: Pricing Mechanism - The initial pricing model will adopt a system marginal price mechanism, with plans to transition to zonal pricing by 2027 and subsequently to nodal pricing [3][19]. - The market will set a lower limit of 0 for the spot market in 2026, with upper limits based on coal-fired power marginal costs and peak user electricity prices [3][20]. Group 4: Market Operation - The market structure will include a "day-ahead pre-clearance without settlement, intra-day rolling optimization, and real-time clearance and settlement" approach, tailored to Sichuan's high hydropower proportion and variable water conditions [5][22]. - Participants will engage in the market through "quantity reporting and bidding" or as price takers, depending on their capabilities [6][22][23]. Group 5: Market Settlement - The settlement model will follow a "daily clearing and monthly settlement" approach, with daily calculations based on market clearance results and a monthly basis for issuing settlement documents [8][32]. - All electricity transactions will be settled at spot market prices, with long-term contracts subject to price difference settlements [8][31].

文 | 国家发展改革委 4月29日，国家发展改革委办公厅、国家能 源局综合司发布《关于全面加快电力现货市场建设工作的通知》 ，通知指出，全 面加快电力现货市场建设，2025年底前基本实现电力现货市场全覆盖，全面开展连续结算运行，充分发挥现货市场发现价 格、调节供需的关键作用。 通知要求，湖北电力现货市场要在2025年6月底前、浙江电力现货市场要在2025年底前转入正式运行，安徽、陕西力争在 2026年6月底前转入正式运行。2025年底前，福建、四川、辽宁、重庆、湖南、宁夏、江苏、河北南网、江西、河南、上 海、吉林、黑龙江、新疆、蒙东、青海要启动现货市场连续结算试运行。 2025年底前，南方区域电力现货市场要启动连续结算试运行，京津冀电力市场要创造条件启动模拟试运行，省间现货市场要 实现发电企业参与省间现货购电，并加紧研究售电公司、电力用户直接参与省间现货交易的机制。 各省、自治区、直辖市、新疆生产建设兵团发展改革委、能源局，天津市工业和信息化局、内蒙古自治区工业和信息化厅、 辽宁省工业和信息化厅、广西壮族自治区工业和信息化厅、重庆市经济和信息化委员会、四川省经济和信息化厅、甘肃省工 业和信息化厅，北京市城市管 ...