Interim Measures for the supervision of power gene

2022-08-19
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The State Electricity Regulatory Commission formulated the Interim Measures for the supervision of power generation rights transactions. In order to implement the relevant national policies on energy conservation and emission reduction, protect the legitimate rights and interests of power enterprises, and promote and regulate power generation rights transactions, the State Electricity Regulatory Commission recently formulated the Interim Measures for the supervision of power generation rights transactions (hereinafter referred to as the measures). The measures require all power enterprises to follow the principles of electricity safety, energy conservation and emission reduction, equality, voluntariness, openness and transparency, and benefit sharing when carrying out power generation rights transactions

generation rights trading refers to the trading behavior of electricity substitution between generating units and power plants in the market, also known as substitution generation trading. The measures clarify that the development of power generation rights trading should be considered in an overall manner with the construction of the power market, be included in the market construction plan, and do a good job in the coordination and connection between power generation rights trading and other power trading varieties. The electricity volume of power generation right transaction includes all kinds of contracted electricity volume, which is currently mainly based on the electricity generation index issued by the provincial people's government. In principle, high-efficiency and environmental protection units replace low efficiency and high pollution thermal power units for power generation, and hydropower, nuclear power and other clean energy generating units replace thermal power units for power generation. The units that are included in the national shutdown plan of small thermal power units and shut down on schedule or in advance can enjoy the power generation index and trade the power generation rights according to the relevant national regulations within the specified period. The power generation right transaction can be carried out on the basis of the power generation index of the provincial people's Government in that year. In the provinces with a high proportion of small hydropower, in principle, it is carried out on the basis of the average power generation for many years. Power generation rights transactions are generally carried out within the scope of provincial electricity, and create conditions for the film recovered across provinces to be made into other useful products and carried out across regions

the measures stipulates that power generation rights can be traded through bilateral transactions or centralized transactions. Bilateral transaction refers to the independent negotiation between the two parties of the power generation enterprise to determine the trading power and trading price; Centralized trading refers to the centralized matching trading conducted by power trading institutions through a unified trading platform. The transaction of power generation rights shall be implemented after meeting the relevant conditions of power safety verification. Based on the traditional pipeline market, the relevant parameters and conditions for the development of multi-metal impact testing machines and non-metal impact testing machines in other construction industry fields should be announced to the market body and filed with the power regulatory authority. During the trading cycle, the electricity replaced by the power generation enterprise shall not exceed the power generation index it has or the decomposed electricity of the contracted electricity, and the replaced electricity shall not exceed the power generation capacity that meets the safety constraints. Both parties to the transaction sign a power generation right transaction contract (or a power generation right transaction confirmation form) according to the transaction results confirmed by the power trading institution, specifying the transaction cycle, transaction volume, transaction price, settlement method, etc. In case of loss changes caused by power generation right transaction, relevant loss compensation shall be made according to the approved loss rate or the loss compensation method negotiated by all parties to the transaction

the measures point out that the State Electricity Regulatory Commission and its dispatched offices supervise the trading of power generation rights according to law. The trading results of power generation rights shall be reported to the local power regulatory authority and the relevant departments of the local government for the record. The power trading institution shall summarize and analyze the changes in energy consumption and pollutant emissions caused by the power generation enterprise due to the trading of power generation rights on a monthly, quarterly and annual basis, and report to the local power regulatory authority in combination with the trading electricity and price, electricity fee settlement, loss compensation and other information, and regularly disclose it to the relevant trading entities. All regional electricity regulatory bureaus provide comprehensive guidance on the trading of power generation rights in their respective regions, and the power regulatory agencies of all provinces (districts and cities) regularly inspect the development of power generation rights trading within their jurisdictions and publish it to the public

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