Overview of the Spot Power Market Rules (Draft)

On November 25, the National Energy Administration (NEA) issued two important documents for the construction of the spot power market to solicit public opinion, Basic Rules of the Spot Power Market (Draft for Comment) and Supervising Measures of the Spot Power Market (Draft for Comment). This may effectively increase the spot transaction volume, and at the same time, promote the construction of the spot power market from the pilot to the whole country. The Rules put forward the short-term, medium-term, and long-term construction plans of the spot power market, and clarified the composition, participants, price mechanism, settlement mechanism, and other rules of the spot power market. The Supervising Measures
clarified that the NEA and its dispatched agencies, relevant departments of the State Council, and provincial governments and their relevant departments would implement the supervision of the spot power market.