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Notice of the National Development and Reform Commission and the National Energy Administration on the issuance of the "Basic Rules for Medium- and Long-term Electricity Transactions - Special Chapter on Green Electricity Transactions"

Development and Reform Energy [2024] No. 1123

To the Development and Reform Commissions and Energy Bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, and the Xinjiang Production and Construction Corps, all dispatched agencies of the National Energy Administration, State Grid Corporation of China, China Southern Power Grid Co., Ltd., China Huaneng Group Co., Ltd., China Datang Group Co., Ltd., China Huadian Group Co., Ltd., China Energy Investment Group Co., Ltd., State Power Investment Group Co., Ltd., China Energy Conservation and Environmental Protection Group Co., Ltd., China Three Gorges Corporation, State Development and Investment Corporation, China National Nuclear Corporation, China General Nuclear Power Group Co., Ltd., China Resources (Group) Co., Ltd., Inner Mongolia Electric Power (Group) Co., Ltd., Beijing Power Exchange Co., Ltd., Guangzhou Power Exchange Co., Ltd., and Inner Mongolia Power Exchange Co., Ltd.:

In order to thoroughly study and implement the spirit of the 20th National Congress of the Communist Party of China and the Central Economic Work Conference, implement the requirements of the "Guiding Opinions of the National Development and Reform Commission and the National Energy Administration on Accelerating the Construction of a National Unified Electricity Market System" (Development and Reform Commission [2022] No. 118) and other documents, accelerate the establishment of a market system and long-term mechanism that is conducive to promoting the production and consumption of green energy, promote the integration of green power transactions into medium- and long-term power transactions, and meet the needs of power users to purchase green power, we have formulated the "Basic Rules for Medium- and Long-Term Power Transactions - Special Chapter on Green Power Transactions", which are now issued to you, and the following notice is given on relevant matters.

1. The National Development and Reform Commission and the National Energy Administration shall strengthen the guidance of green power trading in various regions. The National Energy Administration is responsible for promoting the full coverage of green certificate issuance and expanding the application scenarios of green certificates. The National Energy Administration and its dispatched agencies shall strengthen the supervision of green power trading. Local government departments shall actively promote the participation of new energy in the power market, guide business entities to actively participate in green power trading, and promote the orderly development of green power trading in accordance with the principle of "province-based and cross-provincial and regional-based", so as to meet the green power purchasing needs of power users.

2. The National Energy Administration's Electric Power Business Qualification Management Center is responsible for improving the green certificate issuance mechanism in accordance with relevant requirements and cooperating in green power trading-related work. The National Renewable Energy Information Management Center further optimizes the work process, improves the timeliness of filing and carding, and supports the full coverage of green certificate issuance.

3. Grid companies shall earnestly perform their responsibilities for electricity metering and electricity fee settlement to ensure the execution of green electricity trading contracts. Power trading institutions shall continuously optimize and improve all-round preparations such as green electricity trading organization, transaction settlement, information disclosure, and platform construction, and do a good job in summarizing and analyzing green electricity trading and green electricity consumption, and provide convenient green electricity trading services for power generation companies, power users, and power sales companies.

Fourth, strengthen publicity and promotion. Local government departments in charge shall enhance the understanding of green electricity trading among various business entities through organizing policy publicity, media publicity, negotiation and consultation, and gradually form a good atmosphere for active consumption of green electricity.

Matters not covered in the notice shall be handled in accordance with the basic rules for medium- and long-term power transactions and spot transactions. Cross-border green power transactions with Hong Kong and Macao shall be handled in accordance with the principles specified in this notice.

National Development and Reform Commission

National Energy Administration

July 24, 2024