On June 26, with the launching ceremony of the simulation test run of the Inner Mongolia Power Multilateral Trading Spot Market, the first batch of 8 eleCTric power spot market construction pilots determined by the National Development and Reform Commission and the National Energy Administration all entered the trial operation stage, China's electricity market. Construction has made another important breakthrough.
In August 2017, the National Development and Reform Commission and the National Energy Administration issued the Notice of the National Energy Administration's General Office of the National Development and Reform Commission on the Pilot Work on the Construction of the Power Spot Market, selecting the South (starting in Guangdong), Mengxi, Zhejiang 8 regions including Shanxi, Shandong, Fujian, Sichuan and Gansu were the first pilot projects for the construction of electric power spot market. The pilot areas were required to start the trial operation of the electric power spot market before the end of 2018 to speed up the exploration and establishment of the power spot trading mechanism and discover electric power products. The price forms a market-based power balance mechanism and gradually builds a power market system that combines medium and long-term transactions with spot transactions.
▲ On August 31, 2018, the southern spot (starting in Guangdong) power spot market was the first in the first batch of pilots to start trial operation, and in May this year, the first domestic electricity spot market settlement was implemented. On December 27, 2018, the spot market in Gansu and Shanxi Power started trial operation.
▲In November 2018, the National Energy Administration issued the Notice of the Comprehensive Department of the National Energy Administration on Improving the Pilot Work Mechanism for the Construction of the Power Spot Market, and proposed measures such as establishing a coordination and contact mechanism and information reporting mechanism to promote the construction of China's power spot market. The pilot made a substantial breakthrough as soon as possible, and adjusted the time limit for the first batch of pilot areas to carry out the spot pilot simulation test operation to the end of June 2019.
▲ On May 30 this year, Zhejiang Electric Power Spot Market started trial operation. On June 20th and 21st, Sichuan, Shandong and Fujian power spot markets started trial operation respectively.