The Third Plenary Session of the 20th Central Committee of the Party has systematically outlined a grand blueprint for further comprehensive deepening of reforms and the advancement of Chinese-style modernization, serving as a general mobilization for the new era and new journey to push comprehensive deepening of reforms in breadth and depth. The Plenary Session proposed a series of important reform measures, making systematic planning and strategic deployment for further deepening reforms in the coming years. We must deeply study and implement the spirit of the Plenary Session, with greater efforts to drive energy sector reforms, accelerate the planning and construction of a new energy system, and contribute energy strength to the comprehensive construction of a modern socialist country.

Fully recognize the significant importance of further deepening energy reform in the new era and new journey. Energy is a crucial material foundation and driving force for economic and social development. Since the 18th National Congress of the Communist Party of China, the energy sector has continuously deepened reforms, focusing on an effective market and a proactive government. A diversified energy market structure has gradually been established, a unified, open, and competitive energy market system has been progressively improved, an energy pricing mechanism that sensitively reflects market supply and demand has been gradually formed, and a scientific and efficient energy governance system has been steadily built. Currently, the profound evolution of the great changes unseen in a century is unfolding worldwide, and China has fully embarked on a new journey of building a modernized socialist country. Accelerating the construction of a new energy system and promoting high-quality energy development pose new demands for further deepening energy system and mechanism reforms.

Achieving high-level energy security requires deepening reforms. Energy security and supply are crucial to the nation's development and people's livelihood, and must be given the utmost attention as a top national priority. We must ensure that we hold the reins of our energy resources in our own hands. As the world's largest producer and consumer of energy, China's energy demand will continue to grow rigidly in the near future. However, the country's domestic oil and gas resources are relatively scarce, and renewable energy sources are not yet capable of large-scale and reliable substitution for fossil fuels in the short term. There are shortcomings in the resilience and security of the energy industry's supply chain. Achieving high-level energy security is an extremely challenging task. It is imperative to deepen reforms in the energy system and mechanisms to provide robust institutional safeguards for building a diversified, clean, and efficient energy supply system.

Accelerating the green and low-carbon transformation of energy requires deepening reforms. Green development is the underpinning of high-quality development. Since the 18th National Congress of the Communist Party of China, China's energy structure has been continuously optimized. By the end of this month, the scale of new energy installations nationwide has surpassed that of coal-fired power, reaching 1.2 billion kilowatts. By 2060, when China achieves carbon neutrality, the proportion of non-fossil energy must increase from the current 15% to over 80%. The energy system faces structural transformation and systemic reshaping. It is urgent to accelerate the construction of a new type of power system characterized by a high proportion of new energy sources. Deepening reforms in energy system mechanisms is essential to ensure a smooth transition in energy transformation.

Achieving efficient optimization of energy resources requires deepening reforms. Since the 18th National Congress of the Communist Party of China, the role of market optimization in the energy sector has been continuously enhanced. However, improper local interference still occurs, inter-provincial barriers have not been effectively removed, and the institutional mechanisms to promote the market-based absorption of new energy and the development of new business models and new forms have not yet been established. The regulatory mechanisms for natural monopoly sectors and competitive sectors need to be improved. It is necessary to deepen the reform of energy system mechanisms, create a more equitable and dynamic market environment, and pave the way for high-quality energy development.

Make meeting the people's needs for better energy use the fundamental purpose of energy reform. Deepening energy reform should take enhancing the well-being of the people as its starting point and foothold, identify the breakthrough points for reform from the prominent issues that the public is strongly concerned about, and fully incorporate social expectations, grassroots experience, and the wisdom of the masses into the design of reform. Over the past decade of the new era, China has significantly improved its energy use levels and historically resolved the issue of electricity access for the population without electricity. The achievements of energy reform in this new journey will benefit more in the construction of new urbanization and the comprehensive revitalization of rural areas, providing the people with safe, reliable, economical, efficient, green, and inclusive energy, as well as diversified and high-quality energy services.

Make coordinated efforts in security and transformation the core task of energy reform. Deepen energy reform, focusing on energy security assurance and green transformation development, adhering to the principle of establishing before breaking and comprehensive planning, ensuring that the gradual withdrawal of traditional energy is based on the safe and reliable replacement of new energy. Safeguard the bottom line of energy security, leverage the role of fossil fuels as a safety net, and reduce the security risks posed by the high-proportion development of new energy to the balance of the power system. Accelerate the construction of a new type of power system, improve the mechanism for promoting green energy consumption, handle the complementary, collaborative, and substitution relationships between different energy varieties at various stages of transformation, and achieve a reliable replacement of fossil fuels in an orderly manner.

Fully implement the key tasks of deepening energy reforms. The energy industry is the foundation of the national economy and the lifeline of national security; the effectiveness of energy reforms is crucial to the progress of China's modernization. To advance energy reforms, it is essential to accurately grasp the essence of the Third Plenary Session of the 20th Central Committee of the Party, implement the new strategy of "four revolutions and one cooperation" in energy security, aim to accelerate the establishment of systems and mechanisms that align with the new energy system, adhere to a problem-oriented approach, coordinate sustainable energy development and high-level security, and leverage the roles of both government and market to provide robust institutional safeguards for high-quality energy development.

Accelerate the construction of an energy security guarantee mechanism. Based on national conditions and development stages, balance the coordination between new and traditional energy sources, and expedite the establishment of a diversified, clean, safe, and efficient energy supply system. Firstly, improve the integrated and coordinated mechanisms for exploration, production, supply, storage, and sales of energy resources. Establish emergency mechanisms for oil and gas exploration and reserves, and improve coal supply and capacity reserve systems. Leverage the role of fossil fuels as a safety net, and promote the transformation of coal-fired power plants into supportive and adjustable power sources. Secondly, establish a new mechanism for multi-energy complementation and collaborative optimization. Promote the integrated development of coal, oil and gas, and new energy sources, achieving orderly substitution through the mutual complementation of different energy types. Thirdly, improve the operation mechanism of modern energy infrastructure, advance the intelligent transformation of power grid infrastructure and the construction of smart microgrids, enhance system regulation capabilities, and improve the resilience and security of the energy supply chain. Fourthly, shift the energy supply model from centralized development and large-scale unified transmission and distribution to a balance between regional self-balancing and cross-regional optimization and allocation. Fifthly, establish an energy security risk monitoring and early warning mechanism, and strengthen energy emergency capabilities.

Strengthen the mechanisms for the green and low-carbon development of energy. Accelerate the construction of a new type of power system, promoting the rapid establishment of renewable energy on the basis of the "orderly withdrawal" of traditional energy. Firstly, establish new mechanisms for the development and utilization of green and low-carbon energy, steadily advance the construction of large-scale clean energy bases, implement the "Thousands of Villages and Towns Harnessing Wind Action" and the "Thousands of Households Enjoying Solar Action," vigorously implement the action to replace traditional energy with renewable energy, and enhance the safe and reliable substitution capabilities of new energy sources. Secondly, improve policies and measures for the consumption and regulation of new energy. Implement renewable energy consumption responsibility weights for key energy-consuming units. Deepen the market-oriented reform of new energy, establish a price mechanism that sensitively reflects market supply and demand and reasonably safeguards corporate interests, and improve the pricing mechanism that encourages flexible power sources to participate in system regulation. Thirdly, accelerate the construction of a distribution mechanism compatible with the new power system, encourage the development of new business models such as virtual power plants, and enhance the clean energy carrying capacity of distribution links. Fourthly, improve the system of green energy consumption. Promote the establishment of new mechanisms for green energy use in key areas, accelerate the transition from dual control of energy consumption to dual control of carbon emissions, and promote the diversified and clean substitution of electricity, hydrogen, ammonia, and other forms of energy in terminal consumption. High-quality development of the green certificate market. Speed up the cultivation of new models for green energy consumption and enhance the level of green energy consumption across society.

Improve the economic and efficient energy market mechanisms. Fully leverage the decisive role of the market in resource allocation, better play the role of the government, and stimulate the intrinsic motivation and innovative vitality of the entire society. Firstly, accelerate the construction of a unified national electricity market, encourage various markets at the provincial, regional, and inter-provincial levels to pioneer and experiment, expedite the full coverage of electricity spot markets, and promote cross-provincial and cross-regional electricity market-based transactions. Secondly, accelerate the formation of a pricing mechanism that reflects market supply and demand, promoting the optimal allocation and conservation of energy resources. Thirdly, maintain fair competition in the market order. Strengthen supervision of natural monopoly sectors to prevent the extension of monopoly advantages to upstream and downstream competitive segments. Enhance market supervision to prevent improper administrative intervention and malicious market manipulation by business entities, creating a more equitable market environment.

Building a modern energy governance mechanism. High-quality development of the energy sector requires a strong push towards modernizing governance capabilities, achieving an organic unity of energy transition efficiency and fairness. Firstly, improve the energy planning system. Consider factors such as supply-demand patterns and market prices to enhance the scientific, precise, and effective nature of energy planning. Secondly, improve the energy standards system. Strengthen the construction of mandatory national standards in the energy sector, promote the unification of basic energy market systems, high-standard interconnection of energy facilities, and integrated development of energy technology innovation. Thirdly, improve the energy legal system. Accelerate the formation of an energy legal system led by the Energy Law and supported by specific laws in various energy fields, providing legal safeguards for high-quality energy development.