my country will build a national unified power trading organization system in 2025

Polaris Power Sales Grid News: The National Development and Reform Commission and the National Energy Administration recently officially issued and implemented theImplementation Opinions on Promoting the Independent and Standardized Operation of Electric Power Trading Institutions》 (hereinafter referred to as the "Implementation Opinions"),Electricity TradingThe organizational system construction has been fully deployed.

According to the "Implementation Opinions", by the end of 2020, the equity structure of regional trading institutions and provincial (autonomous regions, municipalities) trading institutions will be further optimized, and the trading rules will be effectively connected, and the functions of dispatching institutions will be clearly divided and business cooperation will be orderly;

Before the end of 2022, localities will further standardize and improve the market framework, trading rules, trading products, etc. based on actual conditions, and the trading institutions in the Beijing-Tianjin-Hebei, Yangtze River Delta, Pearl River Delta and other regions will be integrated with each other to adapt to the requirements of regional economic integration to initially form the power market;

By the end of 2025, a nationally unified power trading organization system will be basically established with standardized main bodies, complete functions, complete varieties, efficient coordination and nationwide.

"The positioning of trading institutions has always been the focus and difficulty of power reform and a key link that affects reform." Zhao Fengyun, vice president of the China Electric Power Technology Market Association, said that the "Implementation Opinions" put forward deepening reform measures to face the key points of the problems on the basis of objectively summarizing the implementation of the new round of power system reform for five years, and gave conclusions on the long-term discussion and controversy on independent normative issues of trading institutions, which is conducive to promoting the healthy development of the standardized operation and development of the power market.

As a product of the new round of power system reform, although power trading institutions have gradually improved, they have prominent problems such as unclear functional positioning, slow shareholding system transformation, limited role of market management committees, weak human resources, and uncertain funding sources, resulting in the urgent need to improve the independence and operational normativeness of trading institutions.

In this regard, the "Implementation Opinions" clarifies the task requirements for accelerating the independent and standardized operation of power trading institutions and puts forward six key tasks: First, further clarify the functional positioning and cooperation relationship between trading institutions, market management committees and dispatching institutions, make the market management committee more independent from trading institutions, strengthens the deliberation and coordination function of the market management committee, and newly grants the market management committee the responsibility to assist the energy authorities in supervising the behavior of trading institutions.

The second is to improve the procedures for formulating electricity trading rules and clarify the corresponding responsibilities of government departments, trading institutions, and market management committees.

The third is to accelerate the shareholding reform of trading institutions. In the first half of 2020, two regional trading institutions in Beijing and Guangzhou and provincial (autonomous regions, municipalities) trading institutions were listed.Power grid enterprisesAll shareholding ratios have dropped to below 80%, and the shareholding ratios of power grid companies have dropped to below 50% by the end of 2020.

Fourth, standardize the personnel, assets and financial management of trading institutions, and make it clear that trading institutions that share assets with power grid enterprises will not charge fees from market entities in principle. The required fees will be included in the cost of the power transmission and distribution link and will be listed separately, and will be paid by the power grid enterprises through special fees. Trading institutions that meet the conditions may also charge reasonable fees from market entities with the approval of the Market Management Committee, and the financial revenue and expenditure situation should be disclosed to market entities.

Fifth, trading institutions and dispatching institutions are required to jointly organize and implement power market transactions. Improve the information exchange mechanism of trading institutions and dispatching institutions, establish and improve the information security guarantee mechanism of trading institutions, and require State Grid Co., Ltd. and China Southern Power Grid Co., Ltd. to unify the trading system platform within their respective business scopes, build a disaster recovery system, and establish a data sharing mechanism.

Sixth, strengthen the construction of a professional supervision system, establish and improve a professional supervision system for trading institutions, develop third-party professional evaluation institutions, and form a comprehensive supervision system that closely cooperates with government supervision and external supervision.

"At the critical time point when the medium- and long-term power transaction scale continues to expand and the pilot power spot market enters settlement trial operation, the release of the "Implementation Opinions" is of great significance." Zhang Lizi, a professor at North China Electric Power University, said that this move will help gradually realize the liberalization of the power generation and use plans for commercial power users, and is a necessary measure to further deepen the reform of the power system and provide strong guarantees for the fair, efficient and sustainable development of my country's power market.