The National Development and Reform Commission and the National Energy Administration issued the “15th Five-Year Plan for the Construction of New Electric Power Systems”. The plan proposes to improve the basic rules system for the “1+N” electricity market. Strengthen the connection and unification of local rules with national rules. Improve the system for new players to participate in the electricity market. Continue to improve normalized transactions across power grid business areas. Gradually reduce the scale of electricity purchases by agents. Improve the auxiliary service market mechanism and explore the construction of a capacity market mechanism. Deepen the reform of the electricity price mechanism. Promote the market-based reform of feed-in tariffs for hydropower, nuclear power, gas and electricity. Explore the implementation of two-part or single-capacity transmission prices for special projects across provinces and regions. Implement a pricing mechanism to support the nearby consumption of new energy sources. Improve the incentive and restraint mechanism for transmission and distribution prices on power grid investment. Study the pricing mechanism related to offshore wind power transmission projects. Optimize the tiered electricity price system for residents and promote the timeshare electricity price mechanism for residents.

The National Development and Reform Commission and the National Energy Administration issued the “15th Five-Year Plan for the Construction of New Electric Power Systems”. The plan proposes to improve the basic rules system for the “1+N” electricity market. Strengthen the connection and unification of local rules with national rules. Improve the system for new players to participate in the electricity market. Continue to improve normalized transactions across power grid business areas. Gradually reduce the scale of electricity purchases by agents. Improve the auxiliary service market mechanism and explore the construction of a capacity market mechanism. Deepen the reform of the electricity price mechanism. Promote the market-based reform of feed-in tariffs for hydropower, nuclear power, gas and electricity. Explore the implementation of two-part or single-capacity transmission prices for special projects across provinces and regions. Implement a pricing mechanism to support the nearby consumption of new energy sources. Improve the incentive and restraint mechanism for transmission and distribution prices on power grid investment. Study the pricing mechanism related to offshore wind power transmission projects. Optimize the tiered electricity price system for residents and promote the timeshare electricity price mechanism for residents.