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China's Ancillary Services for Electricity Stabilization
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Overview
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China's NDRC has issued a notice to promote the development of ancillary services for maintaining reliable electricity supply, focusing on optimizing pricing mechanisms for standby capacity and frequency modulation. This is part of a series of basic documents setting out the rules for a national electricity market by 2025, with the start targeted for 2030.
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How might the development of ancillary services impact the efficiency and reliability of China's electricity market?
How might the implementation of these rules influence energy consumption patterns and market dynamics in China?
What challenges might arise in optimizing pricing mechanisms for standby capacity and frequency modulation?
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