Core tip: In principle, the same operating entity can only establish a service relationship with one operating entity within the same contract period
On June 4th, the Comprehensive Department of the National Energy Administration publicly solicited opinions on the Basic Rules for Registration in the Electricity Market, which clarified the basic conditions for energy storage enterprises, virtual power plants, load aggregators, and access to distributed power sources.
Basic conditions for energy storage enterprises: sign a grid connection dispatch agreement with the power grid enterprise and connect to the power dispatch automation system; Having the conditions for time-sharing measurement and transmission of electricity and electricity data, and meeting the accuracy and reliability of data settlement requirements; Meet the corresponding technical conditions such as maximum charging and discharging power, maximum regulating capacity, and continuous charging and discharging time, and the specific values shall be subject to relevant standards or regulations of relevant national and local departments; The construction of energy storage and its affiliated business entities are considered as one entity, with independent measurement, control and other technical conditions. When connected to the power dispatch automation system, it can be monitored and dispatched by the power grid. When having legal personality, one can choose to convert into an independent energy storage project and directly participate in electricity market transactions as the operating entity.
Basic conditions for virtual power plants and load aggregators: sign load confirmation agreements or grid connection dispatch agreements with power grid enterprises, and connect to new power load management systems or power dispatch automation systems; Having the conditions for time-sharing measurement and transmission of electricity and electricity data, and meeting the accuracy and reliability of data settlement requirements; Virtual power plants have the ability to regulate or control aggregated resources, and have software and hardware systems with functions such as information processing, operational monitoring, business management, metrology supervision, and control execution; Load aggregators have the ability to regulate or control aggregated resources, and have a safe and reliable load management and operation system; The aggregation range and regulation performance of virtual power plants and load aggregators should meet the relevant market rules and regulations.
Basic conditions for access to distributed power sources: obtaining approval or filing documents for power generation projects in accordance with the law; Sign load confirmation agreements or grid connection dispatch agreements with power grid enterprises, and connect to new power load management systems or power dispatch automation systems based on voltage level standards; Having corresponding measurement capabilities or alternative technical means to meet the requirements of electricity market measurement and settlement.
The document proposes that in principle, the same operating entity can only establish a service relationship with one operating entity within the same contract period.
The original text is as follows:
Notice on Public Solicitation of Opinions on the Basic Rules for Registration in the Electricity Market by the Comprehensive Department of the National Energy Administration
In order to implement the spirit of the Central Committee of the Communist Party of China and the State Council to further deepen the reform of the power system, accelerate the construction of a unified national market, unify the registration mechanism of the power market, strengthen and standardize the registration work of the power market, maintain the order of the power market and the legitimate rights and interests of various business entities, the National Energy Administration has organized the drafting of the "Basic Rules for Registration of the Power Market (Draft for Soliciting Opinions)", which is now publicly soliciting opinions from the society.
Welcome relevant units and individuals from all walks of life to provide valuable opinions and suggestions. Within 30 days from the date of this announcement, please fax to 010-81929559 or send via email to [email protected].
Thank you for your participation and support!
Attachment: Basic Rules for Registration in the Electricity Market (Draft for Comments)
Comprehensive Department of National Energy Administration
June 4, 2024
Basic rules for registration in the electricity market
(Draft for Comments)
Chapter 1 General Provisions
Article 1: In order to implement the relevant spirit of the Central Committee of the Communist Party of China and the State Council to further deepen the reform of the power system and accelerate the construction of a unified national power market, unify the registration mechanism of the power market, strengthen and standardize the registration work of the power market, maintain the order of the power market and the legitimate rights and interests of various business entities, in accordance with the "Several Opinions of the Central Committee of the Communist Party of China and the State Council on Further Deepening the Reform of the Power System" (Zhongfa [2015] No. 9), the "Guiding Opinions of the National Development and Reform Commission and the National Energy Administration on Accelerating the Construction of a Unified National Power Market System" (NDRC [2022] No. 118), the "Basic Rules for Medium - and Long term Trading of Electricity", the Basic Rules for the Power Spot Market (Trial) ", and the" Management Measures.
Article 2: The electricity market referred to in these rules includes medium - to long-term electricity, spot electricity, and auxiliary service markets.
Article 3: The business entities referred to in these rules include power generation enterprises, power sales enterprises, power users, and new business entities (including energy storage enterprises, virtual power plants, load aggregators, etc.) that participate in electricity market transactions.
Article 4: The registration of the electricity market shall follow the following principles:
（1） Standardize market entry. The operating entity intending to participate in electricity market transactions shall register with the electricity trading institution and be responsible for the authenticity, accuracy, and completeness of the registered business information and related supporting materials.
（2） Open and transparent. Electricity trading institutions shall fairly and publicly accept various market registration businesses, and shall not set unreasonable and discriminatory conditions to restrict the free flow of goods, services, and factor resources, ensuring that services are indiscriminate, information is disclosed in a standardized manner, and public supervision is accepted.
（3） National unity. Strictly implement the "national one list" management model, strictly prohibit all regions and departments from releasing negative lists with market access characteristics on their own, and do not set thresholds such as deposits. The business process, verification standards, acceptance period, and disclosure requirements for market registration of business entities should be standardized nationwide.
（4） Information sharing. Business entities can independently choose power trading institutions to handle transactions and obtain trading qualifications without the need for duplicate registration. The power trading platform should achieve interconnectivity, share registration information, and achieve "one place registration and sharing among all parties".
Article 5: Electricity trading institutions are responsible for providing electricity market registration services, constructing and maintaining the market registration business functions of electricity trading platforms, and disclosing relevant information on market registration business in accordance with laws and regulations. Realize the exchange of information required for market registration with the power dispatch automation system of power dispatch agencies, marketing of power grid enterprises, and new power load management systems, and improve the convenience of market registration business for operating entities.
Article 6: These rules apply to the registration of various business entities in the electricity market nationwide, and all provinces, autonomous regions, and municipalities directly under the central government shall implement them in accordance with the regulations.
Chapter 2 Basic Conditions
Article 7: The operating entity shall be an economic entity with legal personality, independent financial accounting, good credit, and the ability to independently bear civil liability. Natural persons, individual businesses, and internal accounting entities authorized by legal entities who implement industrial and commercial electricity prices can provide valid identification documents to handle market registration business.
Article 8 Basic conditions for power generation enterprises:
（1） Obtaining approval or filing documents for power generation projects in accordance with the law, and obtaining or applying for a power business license (power generation category) within the prescribed time limit or exemption in accordance with the law;
（2） Signed a grid connection dispatch agreement with the power grid enterprise and connected to the power dispatch automation system;
（3） Having corresponding measurement capabilities or alternative technical means to meet the requirements of electricity market measurement and settlement;
（4） Grid connected self owned power plants can obtain power business licenses (for power generation), meet energy efficiency and environmental protection requirements, and directly participate in electricity market transactions as operating entities.
Article 9: Electricity selling enterprises shall comply with the provisions of the "Management Measures for Electricity Selling Companies" (Development and Reform Commission Reform Regulations [2021] No. 1595) (hereinafter referred to as the "Management Measures for Electricity Selling Companies"), and any new regulations shall be followed.
Article 10 Basic conditions for power users:
（1） In principle, all industrial and commercial users directly participate in electricity market transactions, and industrial and commercial users who have not yet purchased electricity from the electricity market are represented by power grid enterprises to purchase electricity;
（2） Having corresponding measurement capabilities or alternative technical means to meet the requirements of electricity market measurement and settlement.
Article 11 Basic conditions for energy storage enterprises:
（1） Sign a grid connection dispatch agreement with power grid enterprises and connect to the power dispatch automation system;
（2） Having the conditions for time-sharing measurement and transmission of electricity and electricity data, and meeting the accuracy and reliability of data settlement requirements;
（3） Meet the corresponding technical conditions such as maximum charging and discharging power, maximum regulating capacity, and continuous charging and discharging time, and the specific values shall be subject to relevant standards or regulations of relevant national and local departments;
（4） The construction of energy storage and its affiliated business entities are considered as one entity, with independent measurement, control and other technical conditions. When connected to the power dispatch automation system, it can be monitored and dispatched by the power grid. When having legal personality, one can choose to convert into an independent energy storage project and directly participate in electricity market transactions as the operating entity.
Article 12 Basic conditions for virtual power plants and load aggregators:
（1） Sign load confirmation agreements or grid connection dispatch agreements with power grid enterprises, and connect to new power load management systems or power dispatch automation systems;
（2） Having the conditions for time-sharing measurement and transmission of electricity and electricity data, and meeting the accuracy and reliability of data settlement requirements;
（3） Virtual power plants have the ability to regulate or control aggregated resources, and have software and hardware systems with functions such as information processing, operational monitoring, business management, metrology supervision, and control execution; Load aggregators have the ability to regulate or control aggregated resources, and have a safe and reliable load management and operation system;
（4） The aggregation range and regulation performance of virtual power plants and load aggregators should meet the relevant market rules and regulations.
Article 13 Basic conditions for access to distributed power sources:
（1） Obtaining approval or filing documents for power generation projects in accordance with the law;
（2） Sign load confirmation agreements or grid connection dispatch agreements with power grid enterprises, and connect to new power load management systems or power dispatch automation systems based on voltage level standards;
（3） Having corresponding measurement capabilities or alternative technical means to meet the requirements of electricity market measurement and settlement.
Article 14 Basic conditions for electric vehicle charging facilities:
（1） Having corresponding measurement capabilities or alternative technical means to meet the requirements of electricity market measurement and settlement;
（2） Electric vehicle charging facilities with discharge capacity shall sign load confirmation agreements with power grid enterprises and connect to the new power load management system.
Article 15: When national policy adjustments or changes in trading rules result in changes in the type of business entity or basic conditions for entering the electricity market, the National Energy Administration shall make adjustments in accordance with the unified national standards.
Chapter 3 Market Registration
Article 16: Business entities participating in electricity market transactions shall meet the basic conditions and register in the electricity trading institution.
Article 17: Market registration of business entities shall be handled in accordance with the procedures of application, commitment, review, publicity, and effectiveness. The operating entity should submit information such as identity authentication, contact information, and relevant supporting materials, and sign an entry agreement. The market registration conditions and procedures for power selling enterprises shall be implemented in accordance with the "Management Measures for Power Selling Companies", and virtual power plants and load aggregators shall refer to the initial implementation.
Article 18: After receiving the market registration application and registration materials submitted by the operating entity, the power trading institution shall conduct a integrity review within 5 working days. For market registration materials that do not meet the requirements, a one-time notification should be given.
Article 19: Power generation enterprises, power users, energy storage enterprises, distributed power sources, and electric vehicle charging facilities that have passed the market registration review generally do not need to be publicly disclosed, and the registration procedures will take effect directly. Electricity selling enterprises, virtual power plants, and load aggregators that have passed the market registration review shall have their information and materials that meet the registration requirements publicly disclosed to the public through the electricity trading platform. The public notice period is 5 working days. If there are no objections upon the expiration of the public notice period, the registration procedures shall automatically take effect.
Article 20: Electric power trading institutions shall include the business entities registered in the market into the directory of business entities, implement dynamic management, disclose information to the public in accordance with information disclosure requirements, and file in accordance with the requirements of the dispatched agencies of the National Energy Administration and local government regulatory departments.
Article 21: Business entities with multiple identities shall be registered separately according to their respective types of business entities.
Article 22: In principle, the same operating entity can only establish a service relationship with one operating entity within the same contract period.
Article 23: When national policy adjustments or changes in trading rules result in changes in market registration information, power trading institutions shall organize business entities to re register or supplement and improve registration information in accordance with the principle of national unity.
Chapter 4 Information Change
Article 24: After the market registration information of the operating entity changes, an application for information change shall be submitted to the first registered power trading institution within 5 working days.
Article 25: Changes to market registration information of business entities shall be processed in accordance with the procedures of application, commitment, review, public disclosure, and effectiveness. The operating entity should submit change information and relevant supporting materials. If other registration information or supporting materials have expired when applying for information change, they need to be updated synchronously. The conditions and procedures for changing market registration information of power selling enterprises shall be implemented in accordance with the Management Measures for Power Selling Companies.
Article 26: Information changes mainly include the following contents:
（1） Change of the identity and name of the business entity, or replacement of the legal representative (or person in charge);
（2） Significant changes in the shareholders and equity structure of the company, resulting in changes in the controlling shareholders or actual controllers of the company due to the transfer of equity;
（3） Changes, renewals, etc. of power business licenses;
（4） The transfer of units, shutdown and retirement of units, adjustment of unit scheduling relationships, conversion of self owned public nature of units, entry and exit of units from commercial operation, adjustment of unit capacity, and other key technical parameter changes that affect the trading organization caused by the grid connection and operation of power generation enterprises and changes in operating rights;
（5） The transfer of energy storage projects (units), adjustment of energy storage unit capacity, and other key technical parameter changes that affect the trading organization caused by changes in the operating rights of energy storage enterprises;
（6） Changes in the total assets of power selling enterprises, virtual power plants, and load aggregators that affect the annual scale or regulation capacity of proxy electricity, changes in professional personnel with senior or intermediate professional titles, changes in distribution network operation qualifications, and changes in business scope.
Article 27: After receiving the change application and change materials submitted by the operating entity, the power trading institution shall conduct a integrity review within 5 working days. For materials that do not meet the requirements, a one-time notification should be given.
Article 28: If there are any changes in the registration information of power selling companies, virtual power plants, or load aggregators in the first, second, or sixth clauses of Article 26, the power trading institution shall, after review and approval, publicly disclose the information and materials that meet the registration conditions to the public through the power trading platform. The public notice period is 5 working days, and if there are no objections upon the expiration of the public notice period, the information change procedures shall automatically take effect. Other information changes shall take effect directly after being reviewed and approved by the power trading institution.
Article 29: If there is a change in the market registration information of the operating entity and it is not changed within the prescribed time, resulting in adverse effects or economic losses, the operating entity shall bear corresponding responsibilities.
Article 30: Business entities may participate in market transactions normally during the period of market registration information change.
Chapter 5 Market Cancellation
Article 31: The withdrawal of the operating entity from electricity market transactions is divided into application for cancellation and automatic cancellation.
Article 32: If the operating entity has any of the following legitimate reasons, it may apply for cancellation:
（1） The operating entity declares bankruptcy, or although not bankrupt, is shut down or voluntarily dismantled by the local government regulatory department, and no longer generates or uses electricity;
（2） Due to significant adjustments in national policies and electricity market rules, the original operating entity is unable to continue participating in the market for reasons other than its own;
（3） Due to the adjustment of the power grid structure, the physical properties of the electricity generation and consumption of the operating entity cannot meet the entry conditions of the local electricity market;
（4） All units of the operating entity are shut down and retired;
（5） The operating entity no longer belongs to the nature of industrial and commercial electricity consumption.
Article 33: When applying for deregistration, the operating entity shall, in accordance with legitimate reasons, submit a market deregistration application to the first registered power trading institution. Power generation and sales enterprises should submit their proposals at least 45 working days in advance.
Article 34: The application for deregistration by the operating entity shall be processed in accordance with the procedures of application, declaration, examination, public announcement, and effectiveness. The operating entity shall submit an application for cancellation, a statement of completion of contract processing, and relevant supporting materials.
Article 35: After receiving the cancellation application and cancellation materials submitted by the operating entity, the power trading institution shall review them within 5 working days. For cancellation materials that do not meet the requirements, a one-time notification should be given.
Article 36: Electric power trading institutions shall conduct annual verification of the continuous compliance of their business entities with registration conditions. If they find that they have legitimate reasons to withdraw from the electricity market trading or cancel or revoke their business license without applying for market cancellation, they shall be automatically cancelled and reported to the dispatched agency of the National Energy Administration and the competent department of the local government for filing. The verification of continuous compliance with registration requirements by power selling enterprises shall be carried out in accordance with the provisions of the Management Measures for Power Selling Companies.
Article 37: The automatic cancellation of the operating entity shall be initiated by the power trading institution and processed in accordance with the procedures of public announcement and effectiveness. The trading conditions and procedures for electricity selling enterprises to withdraw from the electricity market shall be implemented in accordance with the Management Measures for Electricity Selling Companies.
Article 38: For business entities that are about to be deregistered in the market, all signed but unfulfilled market transaction contracts shall be processed within 10 working days before the next month of contract performance through independent negotiation and other means. The losses caused by the parties to the market transaction contract shall be borne by the delisted business entity or resolved through judicial procedures.
Article 39: Power trading institutions shall publicly disclose the market cancellation information of their operating entities to the public through the power trading platform, with a public notice period of 10 working days. If there are no objections upon the expiration of the notice period, they shall cancel the information on the power trading platform and retain its historical information for 5 years.
Article 40: If a business entity that has been deregistered in the market participates in electricity market transactions again, it shall reapply for market registration with the electricity trading institution.
Chapter 6 Objection Handling
Article 41: Any unit or individual who has objections to the registration of the operating entity in the electricity market may report to the power trading institution through the objection feedback channel with their real name, and shall provide information including but not limited to the unit name, individual's real name, valid contact address, valid contact phones number, etc. Objection feedback should provide relevant supporting materials and shall not fabricate facts or provide false evidence.
Article 42: For business entities that have objections during the public notice period, power trading institutions shall classify and handle them based on the investigation results.
（1） If there are objections due to omissions or missing public announcement materials, personnel changes, etc., the business entity can apply for re announcement by supplementing the materials;
（2） If there is an objection due to material falsification, and the operating entity is unable to provide a reasonable explanation within 5 working days from the date of receiving the notice of objection from the power trading institution, the power trading institution shall terminate its market registration business public announcement and report the situation to the dispatched agency of the National Energy Administration and the local government regulatory department in the place of initial registration;
（3） If there are objections to market deregistration, the operating entity can explain the situation to the power trading institution, and the power trading institution will reject or revoke the public notice based on the investigation results.
Article 43: For business entities that still have objections after the public announcement takes effect, the power trading institution shall continue to conduct investigations. For business entities that do not meet the registration conditions for the power market after investigation, they shall be dealt with in accordance with the requirements of the preceding paragraph.
Article 44: Power trading institutions shall keep confidential the relevant identity information of real name reflectors, shall not disclose it to the public, and shall promptly respond to the investigation and handling situation.
Chapter 7 Supervision and Management
Article 45: The dispatched agencies of the National Energy Administration and the competent departments of local governments shall, in accordance with their respective responsibilities, supervise and manage the registration work of the electricity market carried out by the operating entities and electricity trading institutions.
Article 46: For business entities that fail to handle business in accordance with these rules, power trading institutions shall take measures such as reminders and announcements, and report to the dispatched agencies of the National Energy Administration and local government regulatory departments.
Article 47: If the operating entity engages in illegal, irregular, and dishonest behaviors during the registration process of the power market, it shall be included in the credit evalsuation of power transactions. The dispatched agencies of the National Energy Administration and local government regulatory departments may take measures to include it in the management of dishonesty in accordance with the law and regulations.
Chapter 8 Supplementary Provisions
Article 48: These rules shall be interpreted by the National Energy Administration.
Article 49: These rules shall come into effect from the date of promulgation and shall be valid for five years. If the current policies and regulations are inconsistent with these rules, the provisions of these rules shall prevail.
