In 2023, the electricity market faces new changes.


International trade protectionism is on the rise, low-carbon transformation is deepening, economic sanctions are home, global energy markets are entering turmoil and change, and electricity markets are simultaneously showing new changes.

International level

The issue of energy security is highly valued. With the evolution of the situation in Russia and Ukraine, many EU countries are facing serious energy security problems. In the short term, some countries restart coal power, promote the diversification of oil and gas supply, and promote nuclear power construction; in the long run, renewable energy has become the only means to ensure energy independence and maintain energy security.

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EU emergency interventions

Domestic level

Since the printing of Zhongfa No. 9, the reform of the electricity market has continued to deepen, and the construction of the electricity market has achieved positive results. The proportion of market-oriented electricity has reached 4.13 trillion kWh, up 43% year-on-year, accounting for more than 75%. Direct electricity trading has 3.19 trillion kWh, and agency electricity purchase transactions have 638.4 billion kWh.

The whole variety market system has taken shape. The construction of the electricity market system is gradually complete:

Spatial coverage of inter-provincial and intra-provincial;

From the time to cover the medium and long-term, spot;

From the variety to cover the electric energy, auxiliary services of the whole range, the whole cycle, the whole variety of market system.

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The performance of electricity sales companies has attracted particular attention from the market. From the beginning of the reform to the present, it has played an important role in the process of promoting market-oriented reform from scratch. At present, more than 1700 electricity sales companies have participated in market-oriented transactions, completing the settlement of 2.26 trillion kWh of electricity, accounting for 71.5 of the traded electricity. 86% of the electricity sales companies made profits and 14% lost money.

Green electricity green card to promote rapid, so far green electricity trading 15.2 billion kWh, green card trading 1.45 million.

New changes in the electricity market

The new power market will present five characteristics: diversification of market construction objectives, multi-dimensional value of power commodities, stratification of power market space, aggregation of demand-side resources, and refinement of market organization.

As the current focus of the electricity market is on low-carbon transformation, it is necessary to abandon the past thinking and face the new future.

All energy resources are optimally allocated:

1. Promote the consumption of renewable energy

2. Promote clean and low-carbon energy transition

3. Ensure the safety of power supply

4. Promote carbon emission reduction in the power industry

New electricity markets need extra attention

Medium-and long-term: relying on continuous trading to promote time-sharing prices, so that medium-and long-term trading is better close to real-time operation, playing the role of ballast stone.

Spot: Promote users to participate in the market, guide market players to cut peaks and fill valleys through reasonable spot prices, and improve system operation efficiency.

New Energy: Guaranteed acquisitions are unsustainable, and new energy needs to be promoted to participate in the market and assume economic responsibility for deviations.

Capacity: New power systems require peak power generation capacity, and the power market alone cannot guarantee the necessary capacity needs.

Demand side: the new power system needs flexible adjustment, power generation and measurement resources have been fully tapped, the next step needs to guide demand side interaction through the market.