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ShiLianjun. Han Fang (The NationalElectric Pow er Dispatching and Com m unication Center ofChina, Beijing 100761, China)  
Chinese pow er industry is carrying out the trial of generation unbundling and the com petition bidding. After review ing the developm ent process ofChinese power m arket, this paper presents the characteristics of three trialoperation pow er m arkets w ith unbundling generation side, i.e. generation spot m arket, single buyer m ode, com petition bidding to partialelectricity, tw o-parts pricing system , integration of dispatch and pow er exchange. Som e transaction form s in pow er m arket, such aslong-term contracttransaction, spottransaction, real-tim e transaction and ancillary services,are introduced. The prospects of Chinese pow er m arket are given as following∶①Power m arket w illbe open to custom ers; ②Bilateral transaction w illbecom e the m ain transaction form ; ③Portion ofreal-tim e transaction willincrease; ④Long-term contract willbe bought and sold, w hich is futures transaction; ⑤ Price system of custom er w ill be im proved; ⑥Interconnected- regionalpow erm arketw illbe form ed, w hich isbenefitto the application ofresources.
【CateGory Index】: F426.61
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