Starting from October 1, a new regulatory framework for the electricity market will be implemented!
On October 1, 2025, new regulations for the electricity market will come into effect. This initiative is backed by the State Council’s reform plan, which includes the Basic Regulations for Electricity Market Calculation and other supporting documents.
As part of the reform, the National Development and Reform Commission (NDRC) has announced several guidelines and regulations aimed at optimizing the electricity market. Key regulations include:
- Power Market Calculation Basis: The Basic Regulations for Electricity Market Calculation (Document No. 976) outline the fundamental principles for market operations.
- Price Mechanisms: New price mechanisms will be introduced to facilitate the development of renewable energy sources and ensure stable electricity supply.
- Implementation Timeline: The regulations will be enforced starting from October 1, 2025, with a focus on ensuring compliance from all market participants.
Additionally, the NDRC has emphasized the importance of transparent pricing structures and competitive market practices. This includes the establishment of continuous calculation trials for the electricity market to assess the effectiveness of the new pricing strategies.
The reforms aim to enhance market efficiency, promote the use of renewable energy, and ensure a reliable supply of electricity to consumers. By fostering a competitive environment, the government hopes to lower electricity prices and stimulate growth within the energy sector.
In the context of these changes, the NDRC has proposed a series of pilot projects to evaluate the impact of the new regulations on market behavior and pricing structures. These projects will be critical in shaping the future landscape of the electricity market.
As the implementation date approaches, stakeholders are encouraged to familiarize themselves with the new guidelines to ensure a smooth transition into the updated regulatory framework.
For more detailed information on the upcoming changes, please refer to the relevant documents provided by the NDRC.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/new-electricity-market-regulations-to-take-effect-from-october-1-2025/
