Energy
3 years ago

China's Electricity Market Overhaul: Seamless Integration of Long-Term Contracts and Spot Prices

the Coordination Mechanism between Medium- and Long-term Market and Spot Market in China
Hui Guo, Zhicheng Ma, Han Zhang, Qiang Zhou, Dingmei Wang, Qingquan Lv, Xiuli Wang

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The article explores how to coordinate long-term electricity deals with the spot market in China. It looks at how prices are set for long-term electricity trades, how contracts are divided in the spot market, and how deviations from contracts are settled. The researchers studied China's electricity market and compared it to other countries to provide suggestions for improving the coordination between different types of electricity transactions.