China issues nationwide rules for electricity spot market

First unified standards also aim to smooth interprovincial power trade

20230921 China power lines

Pylons and power lines are seen in Beijing. China's new electricity spot market rules are expected to boost its power grid to accommodate more renewable energy. © Reuters

YOU XIAOYING and ZHAO XUAN, Caixin

China has published its first national rules for electricity spot markets as the country continues its drive toward the use of renewable energy and building a national power market.

The trial rules, issued on Monday by the National Development and Reform Commission (NDRC), China's top economic planner, and the National Energy Administration (NEA), clarify how electricity spot markets should be operated and managed, and lay out a plan for their future development.

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