High level of consumption and utilization of renewable energy

"The large-scale development of new energy is the basic path of low-carbon transformation of the power system, and the transformation and development of coal power is an important support for the power system to absorb new energy." The market mechanism for power auxiliary services plays a key role." Zhao Xueshun, deputy director of the market supervision Department of the National Energy Administration, revealed that in the next step, the National Energy Administration will further increase the construction of the power auxiliary service market in accordance with the principle of "demand-oriented, transformation as the goal, and market as the starting point". We will work with relevant departments to formulate pricing measures for auxiliary services and establish a market-based pricing mechanism. We will revise and improve the relevant rules for market transactions, promote the marketization of auxiliary service varieties such as frequency modulation and backup, and reduce the overall adjustment cost of the system through market competition. At the same time, further expand the coverage of auxiliary services and explore the depth of auxiliary services.