On August 23, the National Development and Reform Commission National Energy Board issued a notice on "Basic Rules for Medium- and Long-Term Trading of Electricity - Special Chapter on Green Power Trading". The notice pointed out that power grid enterprises effectively fulfill their responsibilities for power measurement and electricity bill settlement, and guarantee the implementation of green power trading contracts. Power trading institutions should continue to optimize and improve the green power trading organization, transaction settlement, information disclosure, platform construction and other all-round preparatory work, do a good job of green power trading and green power consumption summary analysis, for power generation enterprises, power users and power companies to provide green power trading convenient services.
The original text follows:
National Development and Reform Commission (NDRC) National Energy Administration (NEA) on the issuance of the Medium- and Long-Term Power
Notice of Basic Rules for Futures Trading - Special Chapter on Green Power Trading
NDRC Energy [2024] No. 1123
Provinces, autonomous regions, municipalities directly under the Central Government, Xinjiang Production and Construction Corps Development and Reform Commission, Energy Bureau, the National Energy Administration dispatched agencies, State Grid Corporation, China Southern Power Grid Company Limited, China Huaneng Group Company Limited, China Datang Group Company Limited, China Huadian Group Company Limited, National Energy Investment Group Limited, State Power Investment Group Corporation, China Energy Conservation and Environmental Protection Group Co. Ltd., China Yangtze River Three Gorges Group Co., Ltd., National Development and Investment Group Co., Ltd., China National Nuclear Corporation, Ltd., China Guangnan Nuclear Corporation, Ltd., China Resources (Group) Co., Ltd., Inner Mongolia Electric Power (Group) Co., Ltd., Beijing Electric Power Exchange Co., Ltd., Guangzhou Electric Power Exchange Co:
In order to deeply study and implement the spirit of the 20th CPC National Congress and the Central Economic Work Conference, implement the requirements of the National Development and Reform Commission and the National Energy Administration on accelerating the construction of a unified national electricity market system (Development and Reform Body Reform [2022] No. 118) and other documents, accelerate the establishment of a market system and a long-term mechanism conducive to the promotion of the production and consumption of green energy, and promote the integration of green power trading into the medium- and long-term electricity trading, to To meet the demand of power users for purchasing green power, we have formulated the Basic Rules for Medium- and Long-Term Transactions of Electricity - Special Chapter on Green Power Transactions, which is hereby issued to you and notified on relevant matters as follows.
First, the National Development and Reform Commission and the National Energy Administration have strengthened their guidance on green power trading around the world. The National Energy Board is responsible for promoting the full coverage of green certificate issuance, expanding the application of green certificate scenarios, the National Energy Board and the dispatching agencies to strengthen the supervision of green power trading. Local government authorities should actively promote the participation of new energy in the power market, guide the main business actively participate in green power trading, in accordance with the principle of "province-based, cross-provincial and regional", to promote the orderly development of green power trading, to meet the needs of power users to purchase green power.
Second, the National Energy Board Electricity Business Qualification Management Center is responsible for improving the green card issuance mechanism in accordance with the relevant requirements, and cooperating with the work related to green power trading. National Renewable Energy Information Management Center to further optimize the workflow, improve the timeliness of the establishment of the card, to support the full coverage of green certificate issuance work.
Thirdly, power grid enterprises shall effectively fulfill their responsibilities for power measurement and electricity bill settlement, and safeguard the implementation of green power trading contracts. Power trading institutions should continue to optimize and improve the green power trading organization, transaction settlement, information disclosure, platform construction and other all-round preparatory work, do a good job of green power trading and green power consumption summary analysis, for power generation enterprises, power users and power companies to provide green power trading convenient services.
(d) Strengthening publicity and promotion. Local government authorities through the organization of policy advocacy, media publicity, negotiation and other ways to enhance the understanding of all types of business entities on green power trading, and gradually form a good atmosphere of active consumption of green power.
Matters not covered in the Circular shall be implemented in compliance with the basic rules for medium- and long-term power trading and spot trading. Cross-border green power transactions with Hong Kong, Macao and other regions shall be implemented with reference to the principles specified in this Circular.
PRC National Development and Reform Commission
National Energy Administration
July 24, 2024
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