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CN to Fully Establish Nationwide Unified Electricity Mkt by 2029
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Under the organization of the National Energy Administration, the China Electricity Council released the "Blue Book on the Development Plan for the Nationwide Unified Electricity Market", setting goals to initially establish by 2025 and fully establish by 2029 a nationwide unified electricity market, with an aim to provide stable electricity support for economic and social development by improving top-level design, standardizing trading rules and technical standards, optimizing the allocation of electricity resources, and enhancing industry efficiency. According to the plan, the nationwide unified electricity market will be initially established by 2025 with the top-level design of the electricity market basically improved to achieve basic standardization and unification of foundational trading rules and technical standards nationwide. By 2029, the plan is to fully establish the nationwide unified electricity market, further promoting the unification of market foundational system rules, fair and unified market regulation, and high-standard connectivity of market facilities. AAStocks Financial News |
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