The electric energy market of our country presents the characteristic of "double track". The "planned rail" means that priority power generation is still adopted and the government pricing system is followed. The National Development and Reform Commission of each province and city approves the feed-in price of different power sources and the sales price of different users, and the power grid company continues to control purchase and sale. The "market track" represents the situation of market-based electricity prices in the electricity energy sector, where industrial and commercial users and power generators engage in direct dialogue and bidding through medium - and long-term contracts and spot markets.
At present, medium - and long-term power trading markets have been established throughout the country. In the spot market, a batch of 8 pilot regions (South (starting with Guangdong), Mongolia, Zhejiang, Shanxi, Shandong, Fujian, Sichuan, Gansu) have started the long cycle settlement trial operation by the end of June 2022, and the second batch of 6 pilot regions (Shanghai, Jiangsu, Anhui, Liaoning, Henan, Hubei) have started the simulation trial operation by the end of July 2022. As a whole, from January to October 2022, all over the country, a total of 4310.24 billion KWH of electricity was traded in the market, accounting for 60.1% of the total electricity consumption. Compared with the annual market trading power in 2021, the proportion of 45.5% increased by 14.6pct.
