Power marketization is a prerequisite for promoting the development of smart power

The most significant feature of a smart power system is the active involvement of real-time electricity pricing and demand-side participation. This makes it essential to consistently advance the reform of China's power market. The process of marketization in the electricity sector should continue to foster competition, enhance regulatory oversight over the grid, and establish a "buy and sell" market structure with flexible and diverse trading mechanisms that support dynamic interactions between supply and demand. In this evolving landscape, the electricity market must allow supply and demand to dictate prices, reflecting the time and spatial variations in electricity generation costs. It should also guide investment and consumption effectively, ensuring long-term power reliability and security through capacity markets. Additionally, there needs to be a clear mechanism—whether market-based or cost-driven—to fully compensate for various ancillary services. Real-time price signals must flow smoothly, enabling the demand side to actively engage in the market. Consumers should have the autonomy to decide when and how to use, generate, store, or trade electricity based on market signals, thereby balancing their needs with the supply side in the retail market. As power marketization deepens in the future, trading methods and models will become more varied, and the market mechanisms will grow increasingly adaptive and sophisticated. This evolution will play a crucial role in enabling intelligent and responsive interactions between energy producers and consumers, ultimately leading to a more efficient, resilient, and sustainable power system.

Solar Power Station

China Searun Solar Solution Co., Ltd. , https://www.srsolarlights.com