National Energy Administration Strengthens Supervision of New Energy Base Development

The National Energy Administration (NEA) recently released a notice outlining its Key Priorities for Energy Regulatory Work in 2025.

Source: Shanghai Securities Journal

The National Energy Administration (NEA) recently released a notice outlining its Key Priorities for Energy Regulatory Work in 2025. The notice emphasizes several key initiatives, including enhancing the involvement of energy sources, grids, loads, and storage in ensuring energy security, optimizing the pricing mechanism for coal-fired power, and ensuring reasonable returns for peak coal power units.

A primary focus of the notice is strengthening oversight of new energy integration and consumption, particularly regarding the construction progress of the Large-scale New Energy Base in Desert, Gobi, and Wasteland Regions. The NEA aims to ensure that these projects are connected to the grid on schedule and that development progresses smoothly.

The notice also calls for optimizing market mechanisms, expanding cross-provincial and cross-regional electricity trading, and continuing the development of provincial spot markets. The NEA aims for near-complete coverage of these markets by the end of 2025.

In terms of electricity market development and regulation, the NEA plans to improve the foundational rules and systems. A unified national electricity market evaluation framework will be established to ensure that local electricity markets are fair, transparent, and consistently regulated. Additionally, efforts will be made to create market systems and long-term mechanisms that support the production and consumption of green energy, with a focus on integrating green electricity into medium- and long-term market transactions.

The NEA is also focused on expanding cross-provincial and cross-regional electricity trading, enhancing the mutual balancing of electricity surpluses and shortages, and ensuring that green energy plays a key role in energy security and clean energy consumption. The notice further encourages eligible power users to participate in cross-regional green electricity trading.