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On August 31, the East China Power Market Pilot Work Leading Group meeting held in Shanghai reviewed and approved the “East China Power Market Operation Rules†(hereinafter referred to as the “Rulesâ€). Recently, the "Rules" have been officially issued by the State Electricity Regulatory Commission and published on the website of the East China Electricity Regulatory Bureau (http://). The "Rules" is an important achievement after consultations among various market entities and is the benchmark document for the operation of the East China Power Market.
Under the leadership of the State Electricity Regulatory Commission and the support of the National Development and Reform Commission and the local government, through the careful organization of the East China Electricity Regulatory Bureau and East China Power Grid Co., Ltd., the provincial (city) power grid companies and the power generation group actively participated and worked together, the "Rules" The drafting and revision of the power market has always been in accordance with the construction goals of the power market. Based on the principle of active and steady advancement, it has repeatedly been reconsidered and refined, and has formed a set of implementation plans suitable for the East China Net, embodying the concept of electric power market construction with East China characteristics.
The "Rules" are divided into 13 chapters and 12 attachments, including general rules, safe operation, market management, bilateral contracts, annual power generation contracts, monthly auction transactions, day-to-day bidding transactions, real-time balance, auxiliary services, market measurement, transaction settlement, Market intervention, supplementary rules. Based on the rules, the East China Power Market will be a full-time electricity quotation on a unified platform. According to the auction results, the relationship between the annual contract, bilateral transactions, monthly winning bids and the competition for the bidding power will be properly handled. The contract trading will be based on the contract trading and contract. The combination of transactions, multi-participation, coordinated operation, fair and transparent, and implementation from the actual situation of the grid, gradually enhance the competitiveness of the comprehensive power market
During the drafting of the Rules, the East China Electricity Regulatory Bureau reported to the leaders of the State Electricity Regulatory Commission on the progress of market construction, and in accordance with the instructions for market construction work, coordinated with relevant departments of the National Development and Reform Commission, and the province (city) The relevant government departments communicated and sought the support of the government departments for the construction of the East China Power Market; organized a seminar on the pilot work of the East China Power Market, discussed the issues of market participants' concerns; and carefully analyzed the monthly bidding simulation of the East China Power Market. As a result, the operational experience was learned from it; combined with the research on the construction of the technical support system of the East China Power Market, the combination of theory and technology was carried out.
After the drafting of the "Rules", the East China Electricity Regulatory Bureau immediately launched the work of soliciting opinions. The "Rules" meeting was held to introduce the progress of the construction of the electricity market in East China and the preparation process of the "Regulations" to the market participants; the papers were sent to the parties to seek written comments on the revision of the Rules, and the "Rules" were further improved; the countries visited the country one by one. Relevant ministries, provincial (municipal) governments, power grid companies and power generation companies. After carefully combing the research opinions and suggestions, the revised rules were formed (for review).
The official issuance of the "Rules" is the result of the coordination and unification of the opinions of all parties, laying the foundation for comprehensive market simulation and trial operation, and is an important milestone in the process of the East China Power Market.
After the issuance of the "Rules", around the comprehensive simulation operation in October, East China Electricity Regulatory Bureau, East China Power Grid Co., Ltd., provincial and municipal power grid companies and power generation companies are pushing forward various tasks in an orderly and orderly manner. Recently, the training work of power plant quotants, power plant management personnel and market operators of power grid companies has been started. The market comprehensive simulation operation plan is basically determined, and the power market technical support system is also accelerating construction.
The authenticity of this information has not been confirmed by the international electrical network, for your reference only. 
"East China Electricity Market Operation Rules" officially issued
——Establishing important progress in the construction of East China Power Market