Basic Rules for Medium- and Long-Term Electricity Markets (Draft for Comments)

The document outlines the basic rules for medium- and long-term electricity markets in China, aiming to accelerate the construction of a unified national electricity market. It regulates trading activities across various time dimensions, including annual, monthly, and intra-monthly periods. The rules cover market participants such as power generation enterprises, electricity sales companies, users, and new-type entities like virtual power plants and energy storage. Key aspects include trading products, pricing mechanisms, contract management, metering, settlement, information disclosure, and risk prevention. The rules emphasize coordination with spot markets, cross-provincial trading integration, and unified standards for registration and settlement. They also address green electricity trading and the technical support system. The document is based on national energy and electricity laws, aiming to ensure market openness, competition, and order while protecting participants' rights.