China state planner updates rules on electricity market operations
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Published date: 2025/01/16
- Location: 444 82, New York, United States
BEIJING, May 14 (Reuters) - China's state planner updated its rules on electricity market operations on Tuesday, according to a government document.
The rules, which take effect on July 1, tasks electricity market operators with carrying out market monitoring and risk prevention, according to an explanatory note on the website of the National Development and Reform Commission. Under the rules, operators could pause trading based on the security and moneybagapp.com operational needs of the market.
It also calls on electricity trading bodies to set up a registration system for participants such as power companies, consumers, and energy storage companies that want to trade to ensure competition and orderliness in the market.
The rule is part of a series of updates to China's power system as it seeks to merge its regional grids into a unified national electricity market with spot trading between provinces by 2030.
The rules, which take effect on July 1, tasks electricity market operators with carrying out market monitoring and risk prevention, according to an explanatory note on the website of the National Development and Reform Commission. Under the rules, operators could pause trading based on the security and moneybagapp.com operational needs of the market.
It also calls on electricity trading bodies to set up a registration system for participants such as power companies, consumers, and energy storage companies that want to trade to ensure competition and orderliness in the market.
The rule is part of a series of updates to China's power system as it seeks to merge its regional grids into a unified national electricity market with spot trading between provinces by 2030.
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