Analysis of the Current Situation and Influencing Factors of China’s Medium- to Long-Term Power Market Development

This paper analyzes the current status and influencing factors of China’s medium to long-term electricity market development. Load, power sources, the power grid, and energy policies are identified as the primary influencing factors. With economic growth and improved living standards, the demand for electricity is continuously increasing, requiring flexible adjustments in supply capacity to meet load requirements. The balanced utilization of renewable and traditional energy sources is crucial for the development of the electricity market. The construction and upgrading of the power grid are key to the market’s development. Energy policies play an important role in guiding and promoting the electricity market. Strengthening load demand forecasting and management, promoting diversified power sources, increasing investment in power grid construction, and formulating energy policies favorable to sustainable development will facilitate the stability, health, and sustainable development of China’s electricity market.