Push toward unified power market gathers steam

China is making steady progress in its strategic goal of establishing a unified national electricity market by 2025, driven by an increasing reliance on market-based transactions for resource allocation, the China Electricity Council said.

The development of a unified market has achieved "significant positive progress," with the role of market mechanisms in allocating power resources continuously strengthening, said Han Fang, deputy director of the planning and development department at the council, during a news conference in Beijing on Thursday.

The push for a unified market is aimed at improving efficiency, optimizing resource deployment across vast regions, and better integrating renewable energy sources into the grid.