# electricity market
Latest news and articles about electricity market
Total: 2 articles found
China Maps Out National Electricity Market to Speed Renewable Integration and Break Provincial Barriers
China's State Council has issued a roadmap to establish a unified national electricity market, targeting a functional system by 2030 and full completion by 2035, with spot markets to be essentially formalised by 2027. The plan seeks to break provincial market barriers, standardise rules and data, expand market instruments including spot, capacity and green certificate markets, and balance marketisation with government oversight to protect system security.
China Tightens Capacity‑Payment Regime to Shore Up Power Security and Smooth the Renewable Transition
China’s NDRC and NEA have instructed provinces to strengthen capacity‑price mechanisms for coal, gas, pumped storage and new grid storage, mandating that capacity payments recover at least 50% of coal units’ fixed costs and establishing rules for reliable capacity compensation tied to spot market development. The package aims to stabilise dispatchable revenues, encourage storage participation in markets and support reliability as renewables expand, while requiring provincial assessments of consumer affordability and stricter performance oversight.