Construction of Compliance Management in Electricity Market

Compliance is complementary with supervision. The market compliance management construction includes the market entities' own compliance construction and the market operation compliance management. First, the current situations of the regulatory systems and compliance management of the electricity markets are summarized in the United States, Australia, and Northern Europe. The compliance management of the market operating agencies is different from that of the market entities. It is closely related to the market models, the regulatory systems, the market entities' scale and structure, and the responsibilities. The market entities establish an effective compliance management system that matches the market environments based on their actual conditions. Then, for the lack of the "ideas, system rules, and organization" faced by my country's market compliance establishment, the detailed suggestions are given from the perspective of the spot market construction and the trading system development. The specific prevention and control measures are proposed in terms of the market member management, the trading organization, the information disclosure, and the trading behavior monitoring, providing advice for the construction of my nation's power market compliance management.