The most important sign of the smart power system is the wide participation of real-time electricity prices and demand side, so we must unswervingly promote the process of power market reform in China. The marketization of electricity should continue to open up the competition, strengthen the supervision of the power grid, and build a market pattern of “buy more and sell more” and a flexible and diverse market trading mechanism.

The electricity market must allow supply and demand to determine prices, reflect the time and space differences of electricity supply costs (electricity market); effectively guide investment and consumption, ensure long-term power supply and reliability (capacity market), and fully compensate for various electric auxiliary services Establish market-based or cost-based compensation mechanisms (assisting service markets); smooth real-time electricity price transmission; demand side actively participates in the electricity market; autonomously decides whether to use electricity, generate electricity, store, and trade according to market signals such as price, and balance electricity with the supply side. Supply and demand (retail-side market).

In the future, with the gradual deepening of power marketization, power trading modes and means will be increasingly abundant, and the market trading mechanism will be flexible and diverse, which will effectively support the intelligent interaction between supply and demand sides.

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