Today, the Information Office of the State Council held a series of press conferences on the theme “Complete the 14th Five-Year Plan with High Quality”. Relevant officials of the National Energy Administration stated that since the “14th Five-Year Plan”, China has continued to push forward market-based reforms in the energy sector, and energy system reform has entered the fast track. A relevant person in charge of the National Energy Administration explained that since the “14th Five-Year Plan”, China's energy price formation mechanism has been improved at an accelerated pace, and on the power generation side, coal power, and new energy sources have fully entered the market. On the user side, in addition to electricity for residents and agriculture, pricing is also completely market-based. Electricity has actually become a freely tradable commodity, and most electricity prices are formed by market competition. Accelerate the construction of an energy market system. Wan Jinsong, deputy director of the National Energy Administration, said that at present, the electricity spot markets in the seven regions of Shanxi, Guangdong, Shandong, Gansu, Mengxi, Hubei, and Zhejiang have been built and operated; the electricity market in the southern region has achieved continuous operation, and the largest “electricity supermarket” in the world has been built. Driven by reforms, the ecology of the energy industry is also innovating at an accelerated pace. New energy storage technology routes are in full bloom, and the technical level is leading in the world. The total scale is about 95 million kilowatts, an increase of about 30 times over the end of the 13th Five-Year Plan period, accounting for more than 40% of the world's total installed capacity.

Today, the Information Office of the State Council held a series of press conferences on the theme “Complete the 14th Five-Year Plan with High Quality”. Relevant officials of the National Energy Administration stated that since the “14th Five-Year Plan”, China has continued to push forward market-based reforms in the energy sector, and energy system reform has entered the fast track. A relevant person in charge of the National Energy Administration explained that since the “14th Five-Year Plan”, China's energy price formation mechanism has been improved at an accelerated pace, and on the power generation side, coal power, and new energy sources have fully entered the market. On the user side, in addition to electricity for residents and agriculture, pricing is also completely market-based. Electricity has actually become a freely tradable commodity, and most electricity prices are formed by market competition. Accelerate the construction of an energy market system. Wan Jinsong, deputy director of the National Energy Administration, said that at present, the electricity spot markets in the seven regions of Shanxi, Guangdong, Shandong, Gansu, Mengxi, Hubei, and Zhejiang have been built and operated; the electricity market in the southern region has achieved continuous operation, and the largest “electricity supermarket” in the world has been built. Driven by reforms, the ecology of the energy industry is also innovating at an accelerated pace. New energy storage technology routes are in full bloom, and the technical level is leading in the world. The total scale is about 95 million kilowatts, an increase of about 30 times over the end of the 13th Five-Year Plan period, accounting for more than 40% of the world's total installed capacity.