For the first time, China has established and improved a unified pricing mechanism for the electricity auxiliary service market at the national level

From XINHUA

For the first time, China has established and improved a unified pricing mechanism for the electricity auxiliary service market at the national level

On February 8th, the National Development and Reform Commission (NDRC) and the National Energy Administration issued a notice on establishing and improving the price mechanism of the electricity auxiliary service market, which standardized the trading and price mechanism of the auxiliary service market, market demand and cost transmission mechanism, and other aspects.

The National Development and Reform Commission stated that the establishment of a sound pricing mechanism for auxiliary services by the country is both incentive and constraint measures, and is another important measure to build a new type of power system.

Electric power auxiliary services refer to system regulation services such as peak shaving, frequency regulation, and backup, which are organized and procured by market operation agencies to maintain the safe and stable operation of the power system, ensure the quality of electricity, and promote the consumption of new energy.