The National “Grand Cycle” of Electricity Creates New Opportunities for the Green Power Business

Release time:

2026-02-14

Recently, a reporter learned from the website of the National Development and Reform Commission that the NDRC and the National Energy Administration have in principle approved the “Plan for a Regularized Electricity Trading Mechanism Across Grid Operating Areas” (hereinafter referred to as the “Plan”), calling for full utilization of the mechanism to promote interconnection among electricity markets, enhance the efficiency of inter-grid transmission capacity utilization, and strengthen coordination and integration across all market tiers.

Recently, a reporter learned from the website of the National Development and Reform Commission that the NDRC and the National Energy Administration have in principle approved the “Plan for a Regularized Electricity Trading Mechanism Across Grid Operating Areas” (hereinafter referred to as the “Plan”), requiring full utilization of the mechanism to promote interconnection among electricity markets, enhance the efficiency of inter-grid transmission capacity utilization, and strengthen coordination and integration across all market tiers. This marks a significant step forward in the development of a nationally unified electricity market system.

In recent years, China’s upstream oil companies have followed a three-step strategic roadmap—clean substitution, strategic succession, and green transformation—to vigorously promote the integrated development of wind, solar, natural gas, energy storage, and hydrogen, resulting in simultaneous growth in both the scale and efficiency of their new-energy businesses. “A single regional power grid is ill-equipped to handle long-distance, high-capacity transmission on its own; the gradual establishment of a cross-regional ‘large-loop’ power system will effectively enhance the capacity for local consumption and outbound delivery of green electricity,” said Tang Manhong of the New-Energy Division of the Xinjiang Oilfield.

The Plan will facilitate the transmission of green power from Northwest China to Southern China, from western Inner Mongolia to Southern China, and from Yunnan and Guizhou to the Yangtze River Delta. Electricity users will be able to independently choose to participate in inter-grid electricity trading, enabling “registration in one location, nationwide sharing,” thereby enhancing the convenience for market participants and reducing transaction costs. According to the Plan, inter-grid trading among operating regions is expected to become a regular feature this year, with efforts also underway to explore the conclusion of multi-year green-power supply contracts. (Wei Zhaoyang)

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