Netizens say they don't understand the Shandong No. 136 document's transitional period file. How will the new energy electricity price be settled after May 31?

I. Centralized Photovoltaic: Clear market participation mechanism, gradual market-oriented electricity price

1. Existing projects (full-capacity grid connection before May 31, 2025)

Trading method: Existing centralized projects (including supporting energy storage) will, in principle, continue to follow the current power market rules during the transition period, including existing subsidy policies.

Special circumstances: If the life cycle of the renewable energy grid-connected electricity price or electricity price additional subsidy of the project has expired, it should switch to market-based trading, including: participating in long-term transactions (including green electricity transactions); reporting the full amount and bidding to participate in the spot market; the settlement price is the spot price.

2. Incremental projects (full-capacity grid connection on or after June 1, 2025)

Mechanism electricity price mechanism: Incremental projects will first participate in bidding to obtain "mechanism electricity." The mechanism electricity is considered as guaranteed electricity that does not participate in market transactions, and the electricity price will follow the mechanism electricity price determined in the bidding.

Market participation path:

1) Electricity outside the mechanism electricity: Participate in the spot market with full-quantity reporting and bidding according to the current market rules;

2) Participate in long-term transactions + spot market linkage;

3) Monthly net contract volume limit = (1-proportion of mechanism electricity won) × total volume;

Settlement mechanism:

1) Mechanism electricity: Implement the mechanism electricity price;

2) Non-mechanism electricity: Participate in market transactions and settle according to the spot market electricity price;

3) Bear operating costs: The project's total electricity needs to bear relevant market operating costs (capacity electricity charges, auxiliary services, etc.).

II. Distributed Photovoltaic: Multiple participation models, encouraging aggregated development

1. Existing projects

Trading method: In principle, continue to implement the original policy and enjoy the approved subsidy mechanism.

Special circumstances: For projects whose subsidy life cycle has expired, all electricity must enter the market: they can choose independent reporting, aggregated reporting, or participate in the market as a price taker.

2. Incremental projects

Flexible participation methods: Can independently report and bid to participate in the market; can participate through virtual power plants or power sales companies; or default as a price taker and be uniformly predicted by the dispatching institution.

III. Detailed explanation of distributed market participation paths

Handle market registration in accordance with the "Basic Rules for Power Market Registration" (Guo Neng Fa Jian Guan Gui [2024] No. 76); Requirements include: grid dispatching agreement/load confirmation agreement; power purchase and sale contract; project filing documents, identity authentication, power generation/consumption user numbers, etc.; the power grid enterprise will establish a green channel to provide registration services.

 

IV. Measurement and settlement mechanism: Strengthen time-sharing accuracy and adapt to market prices

1. Measurement method

Independent/aggregated reporting projects: Implement 96-point curve time-sharing measurement; distinguish between mechanism electricity and market electricity.

Price taker projects: Temporarily use natural month measurement; gradually transition to time-sharing measurement.

2. Settlement mechanism

(1) Independent reporting projects:

Mechanism electricity: Settle according to the winning mechanism electricity price;

Non-mechanism electricity: Settle according to the weighted average price of the spot market;

Bear operating costs: The total electricity bears the system operating costs.

(2) Aggregated participation projects:

According to the settlement rules for power generation and energy storage units in virtual power plants; the market settlement mechanism is consistent with centralized projects.

(3) Price taker projects:

Mechanism electricity is matched to residents, agriculture, and other guaranteed electricity, and the mechanism electricity price is implemented;

Non-mechanism electricity is settled with reference to the average real-time market price of similar centralized projects;

For example, "self-use surplus" distributed photovoltaic, its mechanism electricity is:

Settlement mechanism electricity = winning mechanism electricity - self-generation and self-use electricity (negative value is 0)

V. Inter-provincial transaction and green electricity transaction mechanism

1. Inter-provincial transaction mechanism

Existing centralized projects: Continue to participate;

Incremental projects: After winning the inter-provincial bid, the electricity is included in the extra-provincial transaction, and the remaining electricity enters the provincial spot market to participate in clearing according to the proportion.

2. Green electricity trading mechanism

Green electricity transactions should sign independent contracts, including: contract electricity, power curve, electricity price; green certificate price, deviation compensation method;

Settlement principle: The green certificate part in the contract is settled at an independent price; the electricity energy part is considered as a long-term contract and participates in regular market settlement.