Electricity Market Tracker (EMT) is a multidimensional open data and model platform that supports in-depth research on China’s electricity market and policies. EMT tracks and analyzes the rapidly evolving power sector of China, offering perspectives and insights into the reform of power trading mechanisms. Well-designed trading mechanisms can support the construction of a reliable, efficient, clean, low-carbon, flexible, and intelligent power system.

Our Research

Innovative, independent, interdisciplinary, and far-reaching exploration of the electricity market.


Spot Markets

Real-Time & Near-Real-Time Markets

The spot market aims to alleviate supply-side pressure, promote the integration of renewable energy, and achieve flexible and efficient allocation of energy resources, but its potential has yet to be fully developed.


Forward Contracts

Long-Term Markets & Contracts

Medium and long-term (MLT) contracts are the most mature electricity market in China. The MLT market provides hedging and long-term guarantees and needs to develop synergies with spot markets to advance power sector transformation.


Resource Adequacy

Sufficient Supply To Meet Demand

Resource adequacy refers to the degree to which the power system has sufficient capacity to continuously meet consumers’ electricity demands. It is an essential component in ensuring the stability and reliability of a new type of power system.


EMT analysis is based on open-source data and models related to China’s electricity market, policies, and power system. Our team creates modeling and simulation tools for China’s new power system. We monitor the latest developments in the power sector and offer open access to datasets and models that explore electricity market developments.


Learn about our latest scientific breakthroughs, media coverage, and team updates.

Xuan Yu (China Electric Power and Energy); Chi Gao (RAP), November 21, 2023

Dialogue | How to Fully Mobilize the Flexibility of Inter-Provincial Transactions? (Chinese)

With the ongoing deepening of the energy transition and the diversification of power system resources, ensuring the safety of the power supply has become more…

Zachary Ming, Ruoshui Li, Max Dupuy, and Chi Gao (RAP), March 23, 2023

How Should the Design of Capacity Compensation Mechanism ‘Play to Strengths and Avoid Weaknesses’? (Chinese)

Key features of successful capacity compensation include: avoiding compensating unnecessary power generation resources, sending reasonable signals according to emission reduction and new energy goals, supporting…

Max Dupuy,Chi Gao (RAP), December 9, 2022

Enhancing Power Reliability: EU and US Explore New Processes to Improve Quarterly Power Analysis

As the cost and feasibility of decarbonizing power systems continue to improve, the global energy landscape is witnessing a significant shift. However, balancing the shift…