首先，构建绿色低碳的生产能力是推动转型的起点。能源生产与工业制造是全球碳排放的主要来源，也是绿色转型最先需要解决的环节。 中国的绿色转型进程，必须实现生产端改革与消费侧培育的协同并进，让消费者愿意为绿色产品买单 文｜郑颖 1月4日，商务部等9部门联合印发《关于实施绿色消费推进行动的通知》，围绕健全绿色消费激励机制，提出7方面20条具体举措，涵盖多个终端消费领 域，探索绿色消费积分体系，推广绿色产品认证与标识。中国的绿色转型政策体系，正从生产端向消费侧并重发展。 全球应对气候变化的根本任务，是推动全球生产方式与生活方式的绿色低碳转型。而 绿色低碳转型能否成功，不仅取决于清洁能源产能提高和低碳技术 突破，更取决于能否形成全社会共同参与、共同受益、共同推动的绿色发展体系，从而 建立起从绿色生产到绿色消费的完整市场循环。 中国拥有全球最完整的工业体系，是世界绿色产品的重要供应者，同时也是绿色技术应用增长最快、消费潜力最强的国家之一。这种"供给大国 + 需求大 国"的双重身份决定了中国的绿色转型必须实现生产端改革与消费侧培育的协同并进。唯有如此，才能将绿色产业规模优势转化为系统性的绿色竞争优 势，构建起"国内大市场支撑 ...

环球市场动态 美 国 "低招聘 +低裁员 "延 续 股 票 A股周五延续强势，沪指站上 4,100 点；港股小幅收涨，数支新股表现 出色引领市场；欧洲股市情绪较好， 能源、矿业推动市场上行；12 月非 农数据抬升进一步降息预期，美股 全面上涨，标指再创记录新高。 外 汇 / 商 品 市场忧虑伊朗和委内瑞拉局势不 稳，上周五油价连续两天显著造好。 地缘政治不确定性推高金价，升上 每盎司 4,500 美元关口。市传高市 早苗有机会提出解散众议院并举行 大选，日元下跌。 固 定 收 益 上周五美国国债涨跌不一，收益率 曲线走平，12 月新增非农就业人数 不及预期。市场定价 1 月不降息。 上周一级市场有约 60 家发行人发 债规模达 952 亿美元。本周将有 CPI 数据和美国国债供应。 产品及投资方案部 注：bp/bps=基点；pt/pts=百分点 中信证券财富管理 (香港) 免责声明请参考封底 2026 年 1 月 12 日 ▪ 2025 年 12 月美国新增非农就业人数和失业率均低于预期。失业率下行至 4.4%，新增非农就业集中在个别服 务业，本次非农就业报告依旧描绘了美国就业市场 "低招聘+低裁员" 的格局 ...

筑统一市场之基，行绿色发展之实 ——《电力中长期市场基本规则》解读 山西风行测控股份有限公司董事长 梁耀军 相关阅读 两部门发布《电力中长期市场基本规则》 不再人为规定分时电价水平和时段！ 一、前言：新阶段、新规则、新格局 为深入贯彻落实党中央、国务院关于加快建设全国统一电力市场体系的决策部署，国家发展改革委、国 家能源局于近期正式印发《电力中长期市场基本规则》（以下简称"新规则"），自2026年3月1日起施 行，有效期5年。新规则全面替代了2020年发布的《电力中长期交易基本规则》及2024年发布的《绿色 电力交易专章》，是我国电力市场体系建设进入全面深化、提质增效新阶段的标志性文件。新规则不仅 是对原有规则的简单修订，更是站在构建新型电力系统、服务"双碳"目标的战略高度，对电力中长期市 场进行的一次系统性、前瞻性的顶层设计，旨在为未来五年乃至更长时期电力市场中长期交易的健康、 有序、高效发展绘制清晰的蓝图。 二、核心突破与重大改进：对比旧规则与专章的全面升级 （一）体系性重构：从"交易"到"市场"的维度跃升 改进点：新规则的名称从《电力中长期交易基本规则》变为《电力中长期市场基本规则》，虽仅一词之 差，但 ...

一、 拓展多元主体参与，激发市场内生活力 随着 "双 碳 "目标深入推进与新型电力系统加快构建，源网荷储各环节正发生深刻变革，分布式能源、虚拟电厂、可调节 负荷 、智能微电网、新型储能等新型经营主体不断涌现，电力系统由" 源随荷 动 "向多主体互动模式转型。《基本规则》 结合改革实际，在优化市场成员"权""责"的基础上，明确其交易方式、价格机制、计量和结算模式，并对新型经营主体提 出规范要求。一是将分布式能源、虚拟电厂、智能微电网等具备电力、电量调节能力的经营主体纳入中长期市场管理范 围，赋予其同等参与市场的路径，明晰权利与义务，规范交易行为。二是当资源聚合类新型经营主体聚合的 不同 分散资源 同时具有上、下网电量时，要求区分各时段上、下网电量，分散资源按照聚合服务合同明确的电能量价格单独结算，确保 各类责任边界清晰。三是对虚拟电厂、负荷聚合商等新型经营主体的交易限额提出要求，在激发分散资源参与市场积极性 的同时，有效防控新型经营主体市场风险，充分发挥资源聚合和灵活调节潜力。 锚定改革纵深方向 筑牢统一市场根基 ——《电力中长期市场基本规则》解读 近日，国家发展改革委、国家能源局联合印发《 电力中长期市场基本 ...

◐ 9部门：鼓励企业优先使用绿色电力，助力减碳降耗。 1月4日，商务部等9部门发布的《关于实施绿色消费推进行动的通知》 指出，鼓励企业优先使用绿色电力，助力减碳降耗。支持推广智能控制系统，实现能源使用的智能化管理。鼓励优化绿色建筑设 计，充分利用自然采光和通风系统，减少能源消耗。 【更多详情】 新闻聚焦 国内新闻 ◐长江经济带布局建设24个国家碳达峰试点城市和园区。 据新华社报道，国家发改委副主任王昌林1月5日在国务院新闻办新闻 发布会上说，我国积极推动钢铁、石化化工、建材等传统产业绿色转型，在长江经济带布局建设了2 4个国家碳达峰试点城市和园 区、14个零碳园区。 ◐ 生态环境部："十四五"期间长江重要河湖排污口排查整治率超9 0%。 据新华社报道，1月5日，国务院新闻办公室举行新闻发 布会，介绍长江经济带发展十年工作进展和成效，并答记者问。生态环境部水生态环境司司长蒋火华表示，"十四五"期间，生态 环境部围绕"入河排污口怎么查？怎么治？怎么审？怎么管？"累计排查了长江河湖岸线1 6万多公里，重要河湖排污口的排查整治 率超过90%。 ◐ 新版《绿色工厂评价通则》国家标准发布。 据新华社1月5日报道，近日，中 ...

央视网消息：近日，商务部等9部门联合出台了《关于实施绿色消费推进行动的通知》（以下简称《通知》），提出7方面20条具 体举措，涵盖农产品、家电家装、餐饮住宿等多个领域，推进绿色消费。 优化绿色消费环境，提出推广节能设施设备，优先使用绿色电力。普及绿色消费理念，倡导消费者绿色出行。 《通知》聚焦民生保障领域优质供给，提出加大绿色农产品供应，推广绿色家电家装，促进汽车绿色消费。要求提升绿色服务消 费，发展绿色餐饮、绿色住宿、绿色家政，满足人民对美好生活向往的需要。 强调培育绿色消费新增长点，提出打造绿色供应链，开展供应链碳足迹评价，推广绿色采购、绿色产品、绿色包装。鼓励推广绿 色消费积分。创新绿色共享，发展绿色租赁服务，鼓励出行共享、空间共享、物品共享。同时，还强调推动绿色循环回收，引导减少 一次性塑料制品使用，推动废旧物品回收再利用，发展二手商品流通。 下一步，商务部将指导各地开展绿色消费推进行动相关工作，及时总结促进绿色消费的好经验、好做法，进一步扩大绿色消费。 ...

Core Viewpoint - The article discusses the significance of the newly released "Basic Rules for the Medium and Long-term Electricity Market" (referred to as "25 Rules") in the context of supporting high-quality development of renewable energy in China, especially in a spot market environment [3]. Group 1: Definition of Medium and Long-term - The term "medium and long-term" in the electricity market encompasses two dimensions: "far" and "long," where "far" refers to transactions conducted well in advance of electricity delivery, and "long" refers to transactions involving electricity over extended periods [4]. - The "25 Rules" clarify that medium and long-term trading involves electricity products or services for future periods, including various time dimensions such as years, months, and shorter intervals [4]. Group 2: Role of Medium and Long-term Market - The medium and long-term market plays a crucial role in stabilizing supply and demand relationships by allowing parties to lock in prices and revenues, thereby reducing risks associated with supply fluctuations and financial uncertainties [5]. - From a "long" perspective, the medium and long-term market facilitates trading across multiple time periods with different price levels, helping to mitigate risks associated with price volatility [5]. Group 3: Changes and Developments in New Rules - The inclusion of new types of market participants, such as energy storage and virtual power plants, enhances the market's risk management capabilities and supports innovative trading systems [8]. - The "25 Rules" provide clearer definitions of rights and obligations for market participants, detailing the information they must provide, such as power plant maintenance schedules and demand forecasts [8]. - The trading methods have been diversified to improve market liquidity, with requirements for regular and continuous trading sessions to address uncertainties arising from increased penetration of renewable energy [9]. - Green electricity trading has been incorporated into the new rules, promoting long-term green power transactions and establishing flexible contract adjustment mechanisms [9]. - The new rules emphasize market-driven pricing mechanisms and the need for coordination with spot market mechanisms, ensuring that prices reflect market conditions [10]. - The "25 Rules" aim to create a comprehensive, low-cost, transparent, and highly liquid medium and long-term market, essential for balancing supply and demand risks and price anomalies in the context of rapid renewable energy development [10].

来源：新华社 新华社北京12月27日电 题：破除卡点堵点 纵深推进全国统一大市场建设 新华社记者吴雨、刘羽佳 建设全国统一大市场是构建新发展格局的基础支撑和内在要求。 市场基础制度不断健全，市场设施互联互通持续增强，商品服务和资源要素流动更加顺畅……一年来， 纵深推进全国统一大市场建设取得积极成效，进一步夯筑中国经济应对变局、开拓新局的坚实底气。 日前召开的中央经济工作会议提出，纵深推进全国统一大市场建设，并提出"制定全国统一大市场建设 条例，深入整治'内卷式'竞争。" 记者在调研中感受到，从中央到地方，一系列旨在破除壁垒、畅通循环的举措持续落地，进一步激发超 大规模市场优势潜力，不断增强经济发展内生动力和活力。 加快破壁清障 让要素"活"起来 12月，来自青海的1876万千瓦时绿色电力，通过市场化交易，跨越数千公里直达吉林，点亮东北"夜经 济"。 青海绿电首次送达东北地区，背后是青海、北京、吉林"三网"联动，共同达成跨省跨区中长期外送电力 交易。 今年以来，全国统一电力市场建设按下"加速键"：跨经营区电力交易加速落地，南方区域电力市场开展 连续结算运行，省间现货市场更加成熟……破除壁垒、统一规则，实现电力资 ...

Core Viewpoint - The construction of a national unified market is essential for establishing a new development pattern and has made significant progress over the past year, enhancing the internal driving force and vitality of China's economy [1][11]. Group 1: Market Development and Integration - The national unified electricity market has accelerated, with cross-regional electricity transactions increasing, exemplified by the first delivery of green electricity from Qinghai to Northeast China [2]. - Various regions are implementing measures to facilitate the efficient flow of resources, such as the launch of a technology achievement trading platform in Hunan and a talent sharing mechanism in Zhengzhou [3]. - The marketization of land resources is being optimized, with significant reductions in the time required for enterprises to acquire land, as seen in the case of Henan [2]. Group 2: Breaking Down Barriers and Local Protectionism - Local governments are encouraged to adopt long-term strategies to prevent closed-off local economies, with initiatives in Shandong and Henan aimed at improving investment quality [6]. - Efforts to streamline business operations across regions have been implemented, such as remote processing of business migration applications in the Yangtze River Delta [6]. - The removal of local protectionist barriers is crucial for ensuring a smooth domestic economic cycle, as emphasized by experts [6]. Group 3: Competition and Market Regulation - The government is actively addressing "involution" in competition, with new pricing mechanisms introduced in the pharmaceutical sector to prevent abnormal pricing [7]. - Regulatory measures are being strengthened to maintain fair competition, including the implementation of the Fair Competition Review Regulations [9]. - Industries are encouraged to shift from cost competition to value creation, with examples of companies investing in innovation to enhance their competitive edge [10][11].

Core Viewpoint - The article discusses the release of the "Basic Rules for the Medium and Long-term Electricity Market" by the National Development and Reform Commission and the National Energy Administration, emphasizing the need for a unified national electricity market and the importance of balancing long-term supply and demand in the electricity sector [1][2]. Group 1: General Principles - The rules aim to accelerate the construction of a unified national electricity market system, standardize medium and long-term trading behaviors, and protect the legitimate rights and interests of market participants [5]. - The medium and long-term electricity market is defined as a market where registered entities conduct electricity trading for future delivery periods, including various time dimensions such as years, months, and weeks [5][6]. Group 2: Overall Requirements - The rules promote the integration of medium and long-term electricity markets with spot markets, ensuring smooth transitions in trading sequences, clearing, and market settlements [8]. - There is a focus on adapting to the volatility of renewable energy output, enabling flexible continuous trading, and promoting long-term power purchase agreements to stabilize consumption [8]. Group 3: Market Participants - Market participants include generation companies, electricity users, and new types of operators, all of whom must adhere to market rules and avoid manipulating prices [12][15]. - Generation companies have rights to participate in the market, sign contracts, and receive fair access to grid services [13]. Group 4: Trading Types and Price Mechanism - Medium and long-term trading includes various delivery periods, with different trading methods such as centralized trading and bilateral negotiations [25][30]. - The pricing mechanism for the medium and long-term market is determined by market forces, with specific provisions for green electricity trading [29][30]. Group 5: Trading Organization - Cross-regional electricity trading will be organized by designated electricity trading centers, with a focus on ensuring continuous operation and timely publication of trading calendars [32][34]. - The rules stipulate that key parameters for trading must be clearly defined before trading begins, and adjustments cannot be made during the trading process [44]. Group 6: Contract Management - All market participants must sign medium and long-term trading contracts, which serve as the basis for execution and help stabilize market expectations [64]. - Green electricity trading contracts must specify the traded electricity volume and pricing, including the environmental value of green electricity [66]. Group 7: Measurement and Settlement - The settlement of the medium and long-term market will generally occur on a monthly basis, with provisions for different types of settlements [72][76]. - Green electricity trading will involve separate settlements for energy and environmental value, ensuring compliance with sustainability pricing mechanisms [78]. Group 8: Information Disclosure - Market information will be disclosed periodically, with a retention period of at least two years, ensuring transparency for all market participants [81][83]. Group 9: Technical Support System - The electricity trading platform must include various functional modules to support market operations, ensuring interoperability and data exchange among different systems [84][88].