Shandong Electric Power Spot Market Trading Rules (Trial) Release: The market has recently adopted the quotation of electricity generation side and the quotation of user side.

Polaris Power Sales Grid News:North Star Power Sales Grid learned that the Shandong Energy Supervision Office recently issued a statement on the issuance of "Shandong Province"Electricity spot marketTrading Rules (Trial)", "Shandong Electric Power Medium- and Long-term Market Trading Rules (Trial)" and "Shandong Electric Power Retail Market Trading Rules (Trial)", which states that in the Shandong Electric Power Spot Market Trading Rules (Trial) that electricity market trading is divided into electricity wholesale trading and electricity retail trading.

The spot market includes the recent market, daily unit combination adjustment and real-time market. It adopts the method of full power declaration and centralized optimization and clearing. Through centralized optimization calculation, the unit start-up combination, time-sharing power output curve and time-sharing spot market price are obtained. Recently, the market first used the non-market user load curve predicted by the dispatching agency, superimposed the load declared by the market user, and conducted a recent market clearance. The clearance result was used for spot market transaction settlement. Then, the reliability unit combination verification was used for the entire network power load predicted by the dispatching agency, and the results were used for the actual implementation of the generator set combination and power generation output.

At this stage, the provincial market transactions are organized by adopting the model of "volume quotation on the power generation side and no quotation on the user side".

Details are as follows:

Notice on issuing the "Shandong Electric Power Spot Market Trading Rules (Trial)", "Shandong Electric Power Medium- and Long-term Market Trading Rules (Trial)" and "Shandong Electric Power Retail Market Trading Rules (Trial)"

Shandong Jianneng Market Regulations [2020] No. 51

The Development and Reform Commissions of all municipalities (Energy Bureau), State Grid Shandong Electric Power Company, Shandong Electric Power Trading Center Co., Ltd., and relevant power generation enterprises,Electricity sales companies, power users:

In order to implement the spirit of the Central Committee and Shandong Province on power system reform and related work requirements, accelerate the construction of the power market, and standardize power market trading behavior, the Shandong Energy Supervision Office, in conjunction with the Provincial Development and Reform Commission and the Provincial Energy Bureau, has studied and formulated the "Shandong Power Spot Market Trading Rules (Trial)", "Shandong Power Medium- and Long-term Market Trading Rules (Trial)" and "Shandong Power Retail Market Trading Rules (Trial)". Now I am printing and distributing it to you, please implement it conscientiously.

Shandong Supervision Office of the National Energy Administration Shandong Provincial Development and Reform Commission

Shandong Provincial Energy Bureau

June 15, 2020