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2017 Shanghai electric power market trade agreement signing ceremony was hold on the morning of September 27. Witnessed by leaders from Shanghai Economy and Informatization Commission, Shanghai Development and Reform Commission, East China Energy Regulatory Bureau and Shanghai Electric Power Trade Center, SECCO GM Wu Haijun and Shi Min, general manager of Waigaoqiao 3rd Power Generation Company Limited of Shenneng Group, signed straight power supply purchase contract, with trade volume of 80 million KWH, a first trade of Shanghai electric power bilateral trade contract. It marks, in Shanghai electric power system reform, pilot work of direct trade between electric power user and power generating enterprise was formally kicked off, it has milestone meaning in the process of Shanghai electric power system reform.

 

There will be a total of 80 power consumers and power generation enterprises in Shanghai to participate in the direct trading pilot between the consumers and power generation enterprises in Q4. These power generation enterprises include three power generation groups in Shanghai and power plants outside the city. The direct trading pilot is the first attempt of marketization of the electricity trading in Shanghai. The trading mode is divided into the bilateral negotiation and centralized price bidding. As a demonstrative industrial user of key enterprises in Shanghai, SECCO will participate in the trading in the above two ways. On the condition of ensuring the safe power utilization, SECCO has reduced the electricity consumption cost by participating in direct electricity supply trading and enjoyed the dividend brought by the electricity market reform.

 

With the further development of the power generation and utilization plans in this city, the power consumers for the 2018 annual direct trading will participate in the trading in the form of annual quantity of electricity, the access scope will be further expanded and there will be various kinds of trading modes also. It is foreseeable that the Shanghai electricity market will be more active.