May 14, 2024，The National Development and Reform Commission issued the "Basic Rules for the Operation of the Electricity Market" (Order No. 20, 2024，Hereinafter referred to as "Rules")，Effective July 1, 2024，The "Basic Rules for Electricity Market Operations" (formerly State Electricity Regulatory Commission Order No. 10) issued on October 13, 2005 is repealed at the same time。

The full text of the "Rules" is divided into 11 chapters、45 items，Compared to the version issued in 2005，This revision mainly makes the following adjustments and improvements: First, modify the name of the regulations。Change the name of the regulations from "Basic Rules for Electricity Market Operations" to "Basic Rules for Electricity Market Operations"。The second is to adjust the relevant market scope、Operating organization、Transaction entity description。The third is to improve market members、Related expressions of market transaction types。The fourth is to improve electrical energy、Definition and transaction methods of auxiliary service transactions。The fifth is to refine the relevant requirements for risk prevention and control。

The "Rules" fully consider the new situation of the development of new power systems，Definition of new business entities，Transactions on electrical ancillary services、Capacity transactions, etc. have been clarified，Strive to build a system suitable for high proportion of new energy access、Traditional power supplies provide reliable power support、Electricity market system architecture for the development of new operating entities。

The National Development and Reform Commission issued the "Basic Rules for the Operation of the Electricity Market" link:

https://www.ndrc.gov.cn/xxgk/zcfb/fzggwl/202405/t20240510_1377245.html

Relevant responsible comrades from the National Energy Administration answered reporters’ questions on the "Basic Rules for the Operation of the Electricity Market" Link:

https://www.ndrc.gov.cn/xxgk/jd/jd/202405/t20240513_1382914.html