, 2026, the Shanxi Regulatory Office of the State Energy Administration issued the Rules for the Implementation of Medium and Long-term Transactions of Shanxi Electric Power (Draft for Opinions). "Opinion Draft" shows that during the operation of Shanxi electricity spot market , medium and long-term electricity trading is carried out in the form of time-sharing transactions. The annual transactions of medium and long-term time-sharing transactions of electric power are carried out in accordance with bilateral negotiations and centralized transactions, including listing, centralized bidding or rolling matching.
Medium and long-term time-sharing trading price constraints. In principle, the annual bilateral transaction does not limit the price, and the centralized transaction is limited in principle according to the floating range of the benchmark price of coal stipulated by the state. The highest and lowest price limits
for multi-month, monthly and ten-day time-sharing transactions are formed by the time-sharing benchmark price + floating up and down, and the time-sharing benchmark price is determined by the provincial coal-fired power generation benchmark price multiplied by the spot trading peak-valley coefficient. The benchmark price of the flat section is 332 yuan/MWh, the maximum price is not higher than benchmark price of coal-fired power generation in principle * (1 + 20%) * (1 + floating ratio of time-sharing electricity price policy in this period) * (1 + 20%), and the lower limit is not lower than benchmark price of coal-fired power generation in principle * (1-20%) * (1-floating ratio of time-sharing electricity price policy in this period) * (1-20%). According to the Notice on Improving the Time-of-Use Electricity Price Mechanism (JFGCMF [2021] No.479), the maximum price is 764.93 yuan/MWh and the minimum price is 95.62 yuan/MWh. After the adjustment of the time-of-use electricity price policy for industrial and commercial users in our province, it will be adjusted accordingly. The multi-month continuous trading limit is the multi-month price range of P, and the current value of the multi-month price range of P is 95.62-764.93 yuan/MWh; the monthly and ten-day trading limit is the ten-day price range of P, and the current value of the ten-day price range of P is 95.62-764.93 yuan/MWh. In principle, the daily rolling trading adopts the spot trading limit. The daily rolling transaction price limit is the P-day rolling price range, and the current value of the P-day rolling price range is 0-1500 yuan/MWh.
Gradually promote the medium and long-term trading price limit of electricity in shorter periods such as within a month to be close to the spot trading price limit.
For the business entities directly involved in market transactions, the level and time period of time-of-use electricity price will no longer be artificially stipulated; for the power grid agent purchasing users, the competent price department of the government will optimize the division of peak and valley time periods and the price fluctuation ratio according to the price level of the spot market.
In order to protect the interests of business entities, the power trading institutions before each quarter shall calculate the price limit range for the next quarter in accordance with the time-sharing price limit calculation rules of these Rules, which shall be released three working days before the monthly transaction in the first month of the quarter.
In multi-month continuous transactions, monthly and monthly medium and long-term time-sharing transactions, the number of times that a single sequence can be declared and cancelled in a single time period per day shall not exceed K times. K is temporarily taken as 100 at the initial stage, and the power trading institutions can put forward suggestions on the revision of K value according to the market operation, which will be implemented after being approved by Shanxi Energy Regulatory Office and Shanxi Energy Bureau.
For details, please refer to the Letter on Soliciting Opinions on the Detailed Rules for the Implementation of Medium and Long-term Transactions of Shanxi Electric Power (Draft for Soliciting Opinions).
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