Last mentioned: Mar 24, 2026
Reform Acceleration
New directives issued to deepen market-based reforms for energy security.
Market Reform Acceleration
New directives issued to finalize market-based pricing for all industrial and commercial users.
Spot Market Expansion
Pilot spot markets expanded to cover the majority of Chinese provinces.
Spot Market Expansion
Inter-provincial spot trading reaches record volumes during summer peak.
Unified Market Blueprint
Guidelines released for the construction of a unified national power market system.
Unified Market Guidelines
NDRC issues foundational document for a unified national power market system.
Pricing Liberalization
NDRC allows coal-fired power prices to fluctuate by up to 20%.
National Carbon Market
China launches its national carbon emissions trading scheme for the power sector.
China is intensifying its transition toward a market-oriented energy system to enhance supply security and facilitate the integration of renewable power. These reforms aim to replace legacy administrative pricing with dynamic market signals, ensuring grid stability amidst a massive clean energy build-out.
China is intensifying its transition toward a market-oriented energy system to ensure supply stability and support its 2030/2060 climate goals. These reforms focus on price liberalization and the creation of a unified national power market to better integrate volatile renewable sources.