We will build a new electric power system that the share of new energy resources keep increasing, and work toward an optimized distribution of clean electricity generation on a broad scale. We will make vigorous efforts to enhance the overall adjustable capacity of our electric power system, expedite the construction of flexible power sources, incorporate enterprise-affiliated power plants, the load of traditional energy intensive industries, interruptible industrial and commercial load, electric vehicle charging grids, and virtual power plants into regulation of the power system, build resilient smart electrical grids, and make grids more secure and reliable. We will actively develop the new energy + energy storage model, promote coordination of power source-grid-load-storage, use multiple energy sources to supplement each other, and support the deployment of appropriate energy storage systems for distributed new energy sources. We will draft a new round of medium to long-term development plans for pumped-storage hydro power stations, and refine policies and mechanisms for spurring the development of this type of energy storage. We will accelerate the broad demonstration and application of new types of energy storage. We will deepen structural reform with regard to electric power, and speed up development of a unified national electricity market. By 2025, installed capacity of new types of energy storage will reach 30 gigawatts or more. By 2030, installed pumped-storage hydro power capacity will reach approximately 120 gigawatts, and provincial-level electrical grids will be equipped with peak load response capacity of 5% or more.