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.

 

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More policy news

Ministry of Transport releases action plan to strengthen multimodal freight transport

On 29 September 2026, the Ministry of Transport, together with 11 other government departments and the China State Railway Group, issued the “Action Plan for Promoting High-Quality Development of Multimodal Transport and Optimizing the Transport Structure” (2026–2030). By 2030, the plan aims to improve links between railways, ports, inland terminals, logistics parks and industrial zones, strengthening multimodal freight services. Targets include an 80% railway connection rate in multimodal transport areas at coastal ports and more than 90% of freight transfers at key hubs completed within one hour. It also promotes shifts of suitable bulk freight from road to rail and water. For key industries, the plan targets an 85% share of clean transport.

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Ministry of Transport issues 15th Five-Year Plan for Integrated Transport Service Development

The plan, released on 24 July 2026, focuses on a whole-chain, integrated and resilient freight and logistics system, alongside digitalisation, greener transport and rural connectivity. It envisages shifting freight from road to rail and water, scaling up new energy heavy-duty trucks and using digital tools for logistics operations and safety oversight. Specifically, it targets completion of 90% of freight transfers between transport modes within one hour at key integrated freight hubs and delivery and logistics stations in 90% of administrative villages. The share of new energy heavy-duty trucks is to rise from 4% in 2025 to 20% by 2030.

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