Transformation needs urgent national unified power market system construction accelerated
Recently, the National Development and Reform Commission and the National Energy Administration issued the Guiding Opinions on Accelerating the Construction of a unified national Power Market System (hereinafter referred to as the Opinions), proposing that a unified national power market system will be basically completed by 2030.The National Development and Reform Commission while answering reporters’ questions about chief, said carbon up to the peak in 2030 and 2060, carbon neutral strategic goals puts forward new requirements on electric power market construction, is an urgent need to accelerate the construction of unified national electric power market system, promoting the power industry to speed up the transformation, in the broader promote the optimal allocation of power resources sharing each other aid and,We will improve the stability and flexibility of the power system, and realize clean, low-carbon energy transformation and high-quality development at a lower cost through market-oriented means.Current system of electric power market is still not perfect, 2015, “the central committee of the communist party of China, the State Council several opinions on further deepening the reform of electric power system and its supporting documents issued by the since, our country electric power market construction pushed steadily and orderly, initially formed pattern of diversity in competition main body, the price mechanism will be improved, the market trading power proportion,The dividends of reform continue to be released.Data show that in 2021, the market-based transaction electricity volume in China was 3.7 trillion kilowatt-hours, up 17.2% year on year, accounting for 44.6% of the total social electricity consumption, nearly seven times that of 2015, with an average annual growth of about 40%.However, the person in charge frankly said that, at the same time, China’s current power market system is not perfect, supporting mechanisms need to be improved, the power market in various regions in the market model, basic trading rules, price formation mechanism and other aspects of the big difference, cross-province cross-region transaction there are market barriers.The Opinions put forward that by 2025, the national unified power market system will be initially completed, the national market and provincial (regional, municipal)/ regional markets will operate in concert, the integrated design and joint operation of medium – and long-term power, spot and auxiliary service markets, and the market allocation of cross-provincial and cross-regional resources and the scale of green power trading will be significantly improved.A market trading and pricing mechanism conducive to the development of new energy and energy storage has taken shape.By 2030, a unified national electricity market system will be basically completed to meet the requirements of a new type of electricity system. The national market will operate in conjunction with provincial (regional and municipal)/ regional markets. New energy will fully participate in market transactions, market players will compete on an equal footing and make independent choices, and electricity resources will be further optimized nationwide.Improve the multi-level unified power market System The Opinions put forward that it is necessary to improve the multi-level unified power market system.It mainly includes the following four aspects.First, we must speed up the construction of a national electricity market.It is necessary to improve the operation and management of the electric power trading platform and the inter-provincial and inter-regional market trading mechanism, study and promote the establishment of the national electric power trading center at the right time, and establish the corresponding market management committee.Second, to steadily promote the construction of provincial (regional, municipal)/ regional power market.Give full play to the basic role of provincial (regional, municipal) markets in the national unified power market system, improve the efficiency of power resource allocation within the province, and ensure the basic balance of local power.Encourage the construction of regional power market in line with national regional major strategy and optimize the allocation of regional power resources.Third, we should guide the coordinated operation of all levels of power market.Promote the construction of national market, provincial (regional, municipal)/ regional power market in an orderly manner, and strengthen the mutual coupling and orderly connection between markets at different levels.When conditions are ripe, support will be given to the integrated development of provincial (regional, municipal) markets and national markets, or multiple provincial (regional, municipal) markets will be combined to form regional markets and then integrated with national markets.Promote the exploration of the establishment of power trading center joint venture, establish a sound collaborative operation mechanism.Fourth, we need to advance opening-up and cooperation between markets across provinces and regions in an orderly manner.Priority plans for trans-provincial and trans-regional power generation will be lifted in accordance with the principle of increasing power generation capacity first and then stocking it later.We will establish a mechanism for diversified market players to participate in inter-provincial and inter-regional transactions, and encourage and support power generation enterprises to conduct direct transactions with electricity sales companies and consumers.Strengthen the dynamic connection between inter-provincial and inter-regional markets in terms of the formation mechanism of economic responsibility price, optimize the allocation of power resources by making the best use of inter-provincial and inter-regional rich channels.Promoting power spot market long-term stable operation of the controller introduces, at present, China’s zhejiang, shanxi, shandong, fujian, sichuan, gansu, southern (in guangdong to start), stake, etc. 8 the first batch of pilot spot area more than 2020 complete monthly settlement, in 2021 in shanxi, gansu and other regions achieve uninterrupted operation for a long period of time;The second batch of spot pilot provinces, including Liaoning, Shanghai, Jiangsu, Anhui, Henan and Hubei, are working out market construction plans and are expected to start trial operation before the end of June 2022.The next step will be mainly around four points to promote.First, actively and steadily promote the construction of the spot market, guide the spot market to better discover the real-time price of electricity, accurately reflect the relationship between power supply and demand, support the continuous operation of the pilot conditions, and gradually form a long-term stable operation of the power spot market.Second, promoting the construction of power spot market and medium and long-term market together, further play a long-term market on the basis of long-term supply and demand balance, stabilize market expectations, to promote all kinds of power subject priority, the user side in the spot market, strengthen the spot trading and let go of priority send electricity plan, medium and long term trading cohesion, establish a reasonable cost guidance mechanism.Third, more power prices reflecting real-time supply and demand should be formed through the market, an electricity price system that fully reflects the value of electricity should be established, and market players should be encouraged to form electricity prices at different levels through market transactions, so as to widen peak-valley price differences and guide users to cut peak-valley prices.Fourth, promote the orderly participation of new energy in the market, improve the corresponding market mechanism, carry out green electricity trading, and realize the environmental value of green electricity in a market-oriented way.”In order to achieve the goal of carbon peak and carbon neutrality, new energy will be further developed on a large scale. In order to promote the formation of a new power system that suits China’s national conditions and has stronger capacity to absorb new energy, market transactions and supporting mechanisms also need to be adjusted.”The person in charge pointed out that this adjustment is mainly reflected in four aspects.One is to improve the adaptability of the electricity market to a high proportion of new energy.Guide emerging market players such as user-side adjustable load resources, energy storage, distributed energy and electric vehicles to participate in the transaction, and orderly promote the participation of new energy in the electricity market transaction.Encourage electricity sales companies to innovate business models and provide value-added services such as integrated energy management and load integration.Adjust the trading mechanism, increase the trading frequency, shorten the clearing cycle, and constantly improve the economic compensation level of auxiliary services and power generation capacity in addition to the electricity energy price.Second, all regions should be guided to establish market-based generation capacity cost recovery mechanisms according to actual conditions.Explore capacity compensation mechanisms, capacity markets, scarce electricity prices and other ways to ensure the recovery of fixed power costs and long-term power supply security.Investment and construction of regulated power sources such as pumped storage, energy storage and virtual power plants are encouraged.Third, explore green electricity trading.To find the environmental value of green power in a market-oriented way, reflect the priority of green power in transaction organization, power grid scheduling and other aspects, guide users in demand to directly purchase green power, and do a good job in the effective connection between green power trading, green card trading and carbon emission right trading.Fourth, improve the market trading mechanism of distributed power generation.We will encourage businesses such as distributed photovoltaic and decentralized wind power to engage in direct transactions with neighboring consumers, improve mechanisms for transaction settlement, operation and dispatching between microgrids, small existing power grids, incremental distribution grids and large power grids, and enhance the ability of new energy sources to consume nearby and operate safely.