Liaoning Electricity Spot Market: Basic & Settlement Rules

This document outlines the fundamental rules governing the electricity market in Liaoning, China, including both national-level basic rules and specific settlement rules for the Liaoning Electricity Spot Market. It covers key regulations such as the Basic Rules for Medium and Long-term Electricity Trading, Electricity Spot Market (Trial), Market Registration, Market Operation, and Information Disclosure. The document defines electricity market members, including power generation enterprises, electricity sales companies, users, and new-type participants like energy storage and virtual power plants. It explains transaction types: electric energy trading (medium/long-term and spot), ancillary services (frequency regulation, reserve, peak shaving), and capacity trading. The settlement rules detail how transactions are financially settled in the spot market. The document emphasizes a unified, open, competitive, and orderly market, with registration systems, transmission and distribution services, and self-discipline through an Electricity Market Management Committee. It aims to protect market participants' rights and ensure safe, stable power system operation.