China's first officially operated power spot market launched in Shanxi after 5 years of trial operation

Published: Dec 25, 2023 08:56
【Shanxi Power Spot Market officially launches】After 5 years of trial operation, the Shanxi Power Spot Market officially entered into operation on December 22, 2023, becoming China's first officially operated power spot market. The power spot market is an important part of the power market system, forming market clearing prices that reflect the temporal and spatial value through competition, and supporting ancillary services trading such as frequency regulation and reserve. It plays an important role in building an effective competitive market structure and system, forming a mechanism where energy prices are mainly determined by the market, and promoting market development.

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