[Policy Update] State Council Issues "Implementation Opinions on Perfecting the National Unified Electricity Market System"

📰 News Highlight

On February 11, 2026, the General Office of the State Council officially issued the

"Implementation Opinions on Perfecting the National Unified Electricity Market System". The document sets a clear two-stage roadmap: to basically establish a national unified electricity market system by 2030, and to fully complete it by 2035. It aims to optimize power resource allocation, enhance energy security, and support China’s “Dual Carbon” goals through market-based reforms.

⚙️ Core Components

1.       Resource Optimization: Integrates regional markets into a national system and strengthens cross-provincial trading to deliver western renewable energy to high-demand eastern regions.

2.       Broader Participation: Expands market access to new energy players—energy storage, virtual power plants, industrial users, and distributed energy resources.

3.       Unified Framework: Promotes the "Five Unifications": market rules, governance, pricing mechanisms, technical standards, and a national credit system to remove provincial barriers.

💡 Key Takeaways

1.       National Market Shift: Moves China from fragmented provincial power markets to a unified national system, reducing renewable curtailment and enabling more accurate price signals.

2.       Market-Based Green Transition: Refines electricity pricing to support energy storage and other flexible resources, while shifting coal toward a peak-support role and guiding investment in low-carbon infrastructure.

[Market Update] NDRC and Regulators Release "Blue Book of Sustainable Development: Report on Sustainable Development of Enterprises in China's Transportation Industry (2025)"

📰 News Highlight

The Blue Book of Sustainable Development: Report on Sustainable Development of Enterprises in China's Transportation Industry (2025), reviews 244 listed transport firms in China and highlights a shift toward innovation-driven, greener, and more efficient industry development.

💡 Key Takeaways

1.       Decarbonization Role: Greener transport can drive sustainability across supply chains in China’s broader economy.

2.       Better ESG Standards: Focus is shifting from disclosure rates to higher-quality data aligned with the International Sustainability Standards Board.

3.       Innovation Over Scale: Leading firms are prioritizing efficiency and digital tools to optimize logistics and reduce emissions.

[Carbon Market]

During February 24 – February 27, the total transaction volume of Carbon Emission Allowances (CEA) in Chinese National Carbon Market reached 947,901 tons, with a total transaction value of USD 10,814,806.03. The highest price was USD 11.79/ton, and the lowest price was USD 11.32/ton. For bulk agreement transactions, the volume was 900,000 tons, with a transaction value of USD 10,250,520.69.