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].

Core Viewpoint - The release of the "Basic Rules for Electric Power Auxiliary Service Market" aims to accelerate the construction of a unified national electricity market and regulate the operation and management of the auxiliary service market, ensuring the legal rights of market participants [1][2]. Group 1: Development and Structure of the Auxiliary Service Market - Electric power auxiliary services are defined as services provided by adjustable power resources to maintain the safe and stable operation of the power system, including peak regulation, frequency regulation, standby, and ramping [1]. - The development of the auxiliary service market in China has gone through three stages: free service (before 2006), planned compensation (2006-2014), and partial marketization (2014-present) [2]. - Currently, 16 provinces have established peak regulation markets, 15 provinces have frequency regulation markets, 2 provinces have ramping markets, and 6 regions have established various markets for frequency regulation, standby, and peak regulation [1]. Group 2: Implementation of the Basic Rules - The "Basic Rules" are a crucial part of the national unified electricity market's "1+N" regulatory framework, aiming to unify the design of medium and long-term, spot, and auxiliary service markets [2]. - The rules include new operational entities such as energy storage companies, virtual power plants, smart microgrids, and vehicle-grid interaction operators, allowing equal participation of all capable entities in the auxiliary service market [2]. - The next steps involve guiding local authorities to develop implementation details that align with the "Basic Rules" and ensuring a smooth connection between the auxiliary service market and the spot market [2].