Climate Cooperation China
On behalf of the International Climate Initiative (IKI)

NDRC Publishes Power Market Operation Rules

On 14 May 2024, the NDRC published the Basic Rules for Power Market Operation. This marks the first revision of these rules in 19 years. The new market operation rules are a comprehensive package divided into eleven chapters and 45 articles, and define significant changes compared to the 2005 version. The new electricity market operation rules came into effect on 1 July 2024 and aim to improve various aspects of market design and operation.

 

The new rules outline the composition and responsibilities of electricity market actors, including market operators, power grid companies, participants such as generation companies, electricity users as well as new market entities like energy storage and virtual power plants operators or load aggregators.

 

The rules specify types and methods of power market transactions, including those for electricity itself, ancillary services, and capacity as a new category. In addition, the rules distinguish between long-term and spot market electricity transactions and set forth the principles for market-based provision of ancillary services and capacity transactions to ensure support during peak loads.

 

Regulatory measures for the operation of the power market are bolstered as well. By establishing stricter entry requirements and intensifying efforts to combat market manipulation, monopolistic practices, and unfair competition should be prevented and thereby ensure stable operation of the power market.

 

Read more

More project related news

New Policy Supports the Integration of new Energy Vehicles into the Power Grid

In January, China’s National Development and Reform Commission (NDRC), in collaboration with the National Energy Administration (NEA), the Ministry of Industry and Information Technology (MIIT), and the State Administration for Market Regulation (SAMR), released implementation guidelines to enhance the integration of New Energy Vehicles (NEVs) into the power grid. This policy aims to establish a bidirectional vehicle-to-grid (V2G) system based on charging and swapping facilities, utilising the flexibility of EV batteries as controllable loads or mobile storage.

Read More »

China’s installed solar capacity rises 55.2% in 2023

Data released by China’s National Energy Administration (NEA) on January 26 showed that the country’s solar power generation capacity grew by a staggering 55.2% in 2023. The numbers highlight that over 216 GW of solar power have been added during 2023, which equals 14% of the world’s total installed solar PV capacity.

Read More »

China aims at establishing a Coal Power Capacity Pricing Mechanism

On 8 November 2023, China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) issued a policy on establishing a coal power capacity pricing mechanism. The policy proposes adjusting the current single pricing of coal-fired power to a two-part pricing system, comprising capacity pricing and electricity pricing.

Read More »

Contact Us

Email:
climatechangechina@giz.de
Address:
Sunflower Tower 1100 (11F)
37 Maizidian Street, Chaoyang District
100125 Beijing, PR China

LinkedIn:

WeChat: