| Summary: | In June 2019, the National Development and Reform Commission announced the “Notice on Fully Liberalizing the Power Generation and Utilization Plans for Operating Power Users”. With the liberalization of power generation and utilization plans for operating power users, the number of market entities participating in cross-province and cross-region transactions and the scale of transactions have increased, and power trading services are facing severe challenges. Therefore, it is necessary to improve the power market transaction management system and platform. There is an urgent need to build a multidimensional interactive power trading service system, to sort out and improve the business processes of market entity registration, transaction, settlement, and performance guarantee. And it is vital through the comprehensive upgrade and improvement of the trading platform functions to ensure the surge in marketoriented business demand. In addition, a market entity credit management system and contract performance evaluation mechanism should be established to strictly regulate the order of transactions in the electricity market.
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