China’s updated energy market regulation now includes a broader range of market participants, including energy storage entities, in an effort to ensure safe operation.
From pv magazine ESS news place
China’s National Development and Reform Commission (NDRC) recently updated its rules for electricity market operation, which will come into effect on July 1. The National Energy Administration (NEA) then organized a press conference to explain the major changes in the rules compared to the 2005 rules. version.
The renaming to “Basic Rules for the Operation of the Energy Market” was a notable change that was intended to harmonize with the terminologies set out in the Electricity Regulations of the State Council. In addition, changes have been made to the scope of the market, the operating entities and the subjects of the transactions.
The revised rules now cover a broader range of market participants, including energy market operators, network companies, provincial-level energy trading centers, energy sales companies, energy storage companies and virtual power plants, with the aim of ensuring competition and order in the market. .
In addition, the transaction categories have been refined to include medium- and long-term trading, spot and electricity trading in ancillary services, involving services such as frequency regulation, peak shaving and other paid ancillary services. Trade can be conducted through bilateral and centralized trading mechanisms, where market competition determines the providers of qualified ancillary services.
The updated regulations also improve criteria related to risk prevention and management and establish guidelines for intervening in the electricity market during risky situations.
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