China Pushes Power Exchanges to Prepare for National Market
- Beijing, Guangzhou bourses to finalize rules by June 2024
- More robust power trading system can help green transition
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China is pushing its regional power systems to quickly bridge regulatory differences in order to meet a 2025 deadline to launch a unified national market.
The National Energy Administration has asked two national power exchanges in Beijing and Guangzhou to finalize trading rules by June 2024 and to fix fragmented regulations in existing regional markets, it said in a consultation paper sent to industrial stakeholders earlier this week.