Building a Unified National Power Market System in China

Beijing Time 15h00 - 17h15

In January 2022, the National Development and Reform Commission and the National Energy Administration released an important guidance to establish a national, unified electricity market system (Document No. 118). In line with this high-level guidance and building on its previous work on China, the International Energy Agency (IEA) produced a new report, Building a Unified National Power Market System in China: pathways for spot power markets, aiming at exploring the options to establish a national framework for power markets, with a focus on the role of spot power markets. This report is part of the IEA’s broader efforts to support China’s goals for achieving carbon peaking before 2030 and carbon neutrality before 2060.

The IEA will present at this event the key findings of the report. This event also brings together a panel of power market experts from China to discuss these findings and the research in China’s power sector.