Shandong electricity spot market

China — Shandong. Status: formal operation.

Wholesale design: Provincial organized wholesale market with medium- and long-term trading and a continuously operating spot market; provincial rules govern detailed clearing and settlement.

Market type
Provincial market
Nominal frequency
50 Hz
Where energy trades

Where does energy trade in Shandong electricity spot market?

Energy in Shandong electricity spot market trades in 3 layers: medium- and long-term, spot and ancillary services.

What a battery can sell

What ancillary services can a battery sell in Shandong electricity spot market?

Shandong electricity spot market has 4 ancillary-service products, across 4 families — regulation, operating reserve, ramping reserve and other services: Frequency regulation ancillary service, Peak regulation ancillary service, Ramping ancillary service, Reserve ancillary service. Response timing, direction and eligibility for each are in the table below; a product's full record lists the official sources behind it.

Every value below comes from the official sources listed in that product's full record. Most products cite more than one, and the published sources do not say which of them states each individual value, so the binding is to the product's record rather than to a single document. A missing line means the source does not state that value — never that the value is zero.

Scroll the table sideways for the rest of the columns →

4 ancillary-service products in Shandong electricity spot market, grouped into 4 families. Each row runs left to right through one product's life: how it activates, how quickly it has to respond, how long it has to keep delivering, and how it is bought.
Service How it activates Response Sustained delivery Procurement
Regulation
Frequency regulation ancillary service 调频辅助服务 upward and downward according to local implementation national category with local market rules Response type automatic or dispatch-controlled according to local product Trigger frequency or control-error deviation under local technical rules; no universal deadband is stated in the cited source No deadline established local implementation rule; no product deadline is stated in the cited source As stated provincial or regional implementation Bought local implementation Pricing design local implementation under the national price mechanism Counted as a local requirement, not a national total
Full record for Frequency regulation ancillary service — a topic in the document is named, but not a page or table
What it is for

Correct system frequency and power-balance deviations using resources that satisfy locally specified regulation performance requirements.

Where it sits

national category with provincial or regional implementation

What the source does not state

The source states a procurement volume in its own words. It does not state a response time or how long delivery has to be sustained.

Sources
Operating reserve
Reserve ancillary service 备用辅助服务 upward and downward according to local implementation national category with local market rules Response type automatic or dispatch instruction according to local reserve product Trigger system reserve need under local technical rules; no single national activation threshold is stated in the cited source No deadline established local implementation rule; reserve categories and deadlines are not normalized across provinces As stated provincial or regional implementation Bought local implementation Pricing design local implementation under the national price mechanism Counted as a local requirement, not a national total
Full record for Reserve ancillary service — a topic in the document is named, but not a page or table
What it is for

Maintain available upward or downward capability to address contingencies, forecast error and other system imbalances.

Where it sits

national category with provincial or regional implementation

What the source does not state

The source states a procurement volume in its own words. It does not state a response time or how long delivery has to be sustained.

Sources
Ramping reserve
Ramping ancillary service 爬坡辅助服务 upward and downward according to local implementation national category available for local implementation Response type dispatch instruction over a locally defined ramp horizon Trigger forecast or operating ramp need under local rules; no national numeric threshold is stated in the cited source Stated response local ramp product definition As stated provincial or regional implementation Bought local implementation Pricing design local implementation under the national price mechanism Counted as a local requirement, not a national total
Full record for Ramping ancillary service — a topic in the document is named, but not a page or table
What it is for

Provide ramping capability for forecast net-load changes and renewable-output variability beyond ordinary scheduling needs.

Where it sits

national category with provincial or regional implementation

What the source does not state

The source states a response time in its own words and a procurement volume in its own words. It does not state how long delivery has to be sustained.

Sources
Other services
Peak regulation ancillary service 调峰辅助服务 upward and downward according to local implementation national category; detailed implementation and whether a separate market continues are local-rule dependent Response type dispatch instruction under local implementation rules Trigger system operating need; no single national numeric trigger is stated in the cited source No deadline established local implementation rule; no product deadline is stated in the cited source As stated provincial or regional implementation Bought local implementation Pricing design local implementation under the national price mechanism Counted as a local requirement, not a national total
Full record for Peak regulation ancillary service — a topic in the document is named, but not a page or table
What it is for

Provide peak shaving and valley filling to maintain system balance where that function is not already internalized by a continuously operating spot market; this national category is distinct from the separately defined ramping service.

Where it sits

national category with provincial or regional implementation

Notes from the source

The 2025 rules state that continuously operating spot-market regions should internalize the peak-regulation function and cease duplicative markets with similar functions.

What the source does not state

The source states a procurement volume in its own words. It does not state a response time or how long delivery has to be sustained.

Sources
Getting paid to exist

Does Shandong electricity spot market have a capacity mechanism?

No central capacity market. Shandong electricity spot market has 1 capacity/adequacy arrangement — Generation-side capacity-price and reliable-capacity compensation framework — and it works differently. Responsibility sits with National Development and Reform Commission, National Energy Administration and provincial authorities.

Generation-side capacity-price and reliable-capacity compensation framework

national framework with provincial implementation

Eligible coal, gas, pumped-storage and grid-side storage resources receive administratively determined capacity-price or reliable-capacity compensation under national and provincial rules; the framework is not a centralized competitive capacity auction.

administrative eligibility and verified available capacity

provincial implementation

Responsibility
National Development and Reform Commission, National Energy Administration and provincial authorities
Unit of obligation
eligible or reliable capacity under implementing rules
Auction held in 2025
No — The cited framework is an administrative capacity-price mechanism, not a competitive capacity auction.
Revenue routes

Merchant revenue routes

  • contracted energy
  • spot energy
  • ancillary services
  • coal capacity price where eligible
Where this comes from

Official sources

Rules

Market explainer

Capacity-mechanism explainer

Current as of · from the Global Electricity Market Catalogue v1.2.0 (compiled to , CC BY 4.0, rendered here with wording edited for readability). Facts belong to the linked official authorities; verify the current rules before design or bidding decisions.

Questions

Common questions about Shandong electricity spot market

Was a qualifying capacity event held in Shandong electricity spot market in 2025?
No. Generation-side capacity-price and reliable-capacity compensation framework: no qualifying 2025 event is recorded. The cited framework is an administrative capacity-price mechanism, not a competitive capacity auction.
How is energy traded, priced and settled in Shandong electricity spot market?
Shandong electricity spot market: Provincial organized wholesale market with medium- and long-term trading and a continuously operating spot market; provincial rules govern detailed clearing and settlement.
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