[Policy Update] NDRC and NEA Release "Notice on Optimizing Market Quoting for Centralized New Energy Power Generation Enterprises (Trial)"

📰 News Highlight

On December 11, 2025, the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) jointly released the "Notice on Optimizing Market Quoting for Centralized New Energy Power Generation Enterprises (Trial)". This policy aims to systematically regulate the bidding behavior of new energy enterprises in both medium-to-long term and spot power markets.

⚙️ Core Components

1.       Operational & Regulatory Framework: Defines responsibilities for quoting, exit mechanisms, and third-party assessments, balancing market development with risk prevention.

2.       Legalization of Joint Quoting: Provides a compliant pathway for centralized renewable energy firms to conduct pooled bidding, strengthening bargaining power and reducing price volatility.

3.       Strict Anti-Monopoly Measures: Enforces a “Same Group, Same Province” rule, limits cross-group/province participation, and introduces dynamic management lists and price warnings to balance integration with monopoly prevention.

💡 Key Takeaways

1.       Pooled bidding lets renewable developers aggregate capacity, boosting negotiation strength and reducing spot market risk.

2.       Capacity caps and limits on cross-group alliances promote fair competition and prevent monopoly as the market shifts from government pricing to market trading.

3.       Energy firms must upgrade trading teams and technical systems, adopting tailored strategies for portfolio management and accurate price forecasting under joint-bidding rules.

[Market Update] China & France Release Joint Statement on Climate & Environment

📰 News Highlight

During President Emmanuel Macron’s state visit to Beijing, China and France jointly released the Joint Statement on Cooperation to Address Global Climate and Environmental Challenges. This landmark declaration marks the 10th anniversary of the Paris Agreement and deepens multilateral collaboration across climate change, biodiversity, plastic pollution, forest conservation, and green finance.

💡 Key Takeaways

1.     China and France commit to tripling global nuclear capacity by 2050, highlighting nuclear power as a key complement to renewables for reliable, carbon-free baseload electricity.

2.     Cooperation on carbon pricing and footprint methodologies aims to harmonize standards, reduce trade frictions, and support “green trade” amid mechanisms like the EU CBAM.

3.     Climate action is integrated with biodiversity, plastic pollution, and ocean governance, promoting a holistic view of planetary boundaries.

[Carbon Market]

During November 10 – November 15, the total transaction volume of Carbon Emission Allowances (CEA) in Chinese National Carbon Market reached 8,052,844 tons, with a total transaction value of USD 67,864,972.38. The highest price was USD 9.03/ton, and the lowest price was USD 8.03/ton. For bulk agreement transactions, the volume was 4,870,531 tons, with a transaction value of USD 41,411,205.81.