The China Power Sector Roundtable Project released a report on Regional Electricity Spot Market Development and Regulation in Northwest China, aiming at exploring market solutions for severe wind and solar curtailment. The report presents that Northwest area needs to establish a spot market featured market-based price discovery and transaction variety (such as medium- and long-term forward markets, a spot market, and an ancillary services market). These combined market mechanisms will promote optimal resources allocation and maximize renewables uptake. 

(The document is available in Chinese only.)