The power supply enterprises mentioned in the preceding paragraph include independent power distribution enterprises; The regional power dispatching and trading centers mentioned in the preceding paragraph include regional power dispatching centers and regional power trading centers. Article 5 Power generation enterprises, power transmission enterprises and power supply enterprises shall obtain power business licenses in accordance with relevant regulations before applying to enter the regional power market and participate in regional power market transactions. With the approval of the electricity regulatory agency, users can participate in regional electricity market transactions. Article 6 Power dispatching and trading institutions shall be responsible for power dispatching, power market trading, measurement and settlement. Chapter III Types and Methods of Transactions Article 7 The types of transactions in the electricity market include electric energy transactions, transmission rights transactions and ancillary services transactions. Article 8 Electric energy trading shall be conducted by means of contract trading, spot trading and futures trading.
Electric energy contract transaction refers to the electric energy transaction conducted by the main body of the electric power market by signing an electric energy transaction contract. The electricity price agreed in the electricity purchase and sale contract can be formed by both parties through consultation, can also be generated through market bidding or determined in accordance with relevant state regulations.
Spot trading of electric energy refers to the next day or the next 24 hours of electric energy trading generated by power generation enterprises through market bidding, and the real-time electric energy trading organized to ensure the real-time balance between power supply and demand.
Electric energy futures trading refers to the electric energy trading conducted by power market participants at designated trading places by signing futures contracts. An electric energy futures contract refers to an agreement to buy or sell electric energy at a certain price in the future.
Power trading is mainly based on contract trading, supplemented by spot trading, and futures trading is carried out in a timely manner. Article 9 The electricity market has the prescribed conditions, and it can trade transmission rights and auxiliary services with the approval of the electricity regulatory agency. Chapter IV Electric Energy Trading Article 10 The electric energy contract trading may be specifically organized and implemented by the electric power dispatching and trading institutions, or may be conducted through consultation between the two parties to the electric power market. Article 11 A power dispatching and trading institution shall decompose the contracted electricity quantity according to the operation rules of the regional power market, and the decomposition method shall be disclosed to the main body of the power market. If it is necessary to modify the contracted electricity quantity after decomposition, the power dispatching and trading institution shall promptly inform both parties of the reasons. Article 12 Power transmission enterprises shall, in accordance with laws and national policies, give priority to signing contracts with renewable energy power generation enterprises that have obtained power business licenses according to law, and purchase their online electricity in full. Thirteenth electric power dispatching trading institutions shall organize spot trading of electric energy in accordance with the operating rules of regional electric power market. Article 14 A power generation enterprise shall conduct spot trading of electric energy on the basis of the quotation of a single unit. After approval, multiple units in the same power plant can be quoted in a centralized way. Power generation enterprises composed of multiple power plants shall not make centralized quotations. Power generation enterprises are prohibited from colluding in bidding. Fifteenth electricity market price formation mechanism should be conducive to promoting fair and effective competition in the electricity market and transmission congestion management. Sixteenth all electric energy transactions must be carried out after the safety inspection of electric power dispatching and trading institutions. Chapter V Transmission Services Article 17 Power transmission enterprises shall open the transmission network fairly and provide safe, high-quality and economical transmission services for the main players in the power market. Eighteenth transmission enterprises should strictly implement the transmission price stipulated by the state, and accept the supervision and inspection of the electricity regulatory agencies. Article 19 The management mode of transmission congestion shall be determined by the power regulatory agency according to the power grid structure and the trading mode of the power market. Article 20 In order to avoid the risk of transmission congestion, with the approval of the electricity regulatory agency, the electricity market may organize the trading of transmission rights. Chapter VI Auxiliary Services Article 21 Power market entities shall provide auxiliary services for maintaining voltage stability, frequency stability and power grid fault recovery in accordance with relevant regulations. Twenty-second auxiliary services are divided into basic auxiliary services and paid auxiliary services.
Basic auxiliary service is the auxiliary service that the main body of electricity market should provide free of charge. Paid auxiliary services are other auxiliary services provided by power market entities in addition to basic auxiliary services. Paid auxiliary services adopt compensation mechanism in the initial stage of power market construction, and implement competition mechanism after the power market is perfected. Article 23 The specific contents, technical standards, provision methods and assessment methods of auxiliary services shall be formulated separately by the State Electricity Regulatory Commission in conjunction with relevant departments of the State Council. Twenty-fourth power dispatching and trading institutions shall regularly test the ability of power market participants to provide auxiliary services. The test results shall be published and reported to the electricity regulatory agency. When the main body of the power market cannot provide auxiliary services as required, it shall report to the power dispatching and trading institutions in a timely manner and accept the assessment in accordance with relevant regulations.