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Analysis: China’s New Electricity Spot Market Rules Lay Groundwork for Unified Standard

By You Xiaoying and Zhao Xuan
2023年09月20日 20:19
The publication of the rules is a ‘landmark’ move in the country’s efforts to build a nationwide power market, one expert tells Caixin
Staff inspect equipment in a substation in Zhangjiakou, Hebei on Aug. 18. Photo: VCG

China has published its first national rules for electricity spot markets as the country continues its drive toward the use of renewable energy and building a national power market.

The trial rules, issued on Monday by the National Development and Reform Commission (NDRC), China’s top economic planner, and the National Energy Administration (NEA), clarify how electricity spot markets should be operated and managed and lay out a plan for their future development.

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