Core Insights - The article discusses the significant progress made in Guangdong's electricity market reform over the past decade, highlighting its transformation into a model for other regions in China [1][4]. Group 1: Market Transformation - Guangdong's electricity market has evolved from "price difference transmission" to "price linkage" and from "only decreasing prices" to "both increasing and decreasing prices" [1]. - The market has transitioned from intermittent to continuous operation, with Guangdong being the first province to implement long-term centralized trading and pilot spot market settlements [1][4]. Group 2: Market Participation - The number of registered market participants in Guangdong has surged from 0.07 million in 2016 to 79,000 by March 2025, marking an increase of nearly 112 times [3]. - The installed capacity of market participants has reached 164 million kilowatts, accounting for 73.5% of the province's total installed capacity [2]. Group 3: Cost Reduction and Efficiency - The electricity market in Guangdong has reduced costs for industrial and commercial users by approximately 35.5 billion yuan, driven by a combination of factors including falling coal prices and increased market competition [4]. - The average price for medium to long-term trading has decreased from 0.449 yuan per kilowatt-hour in 2024 to 0.392 yuan per kilowatt-hour in 2025 [4]. Group 4: Supply and Consumption - Since the continuous operation of the spot market began in November 2021, Guangdong has maintained a low non-scheduled power generation capacity reduction rate of 1.5%, the lowest in the country [5]. - The province has achieved a 99.7% consumption rate for renewable energy, with green electricity trading volumes increasing by 83% year-on-year in 2024 [5]. Group 5: Future Directions - Guangdong aims to establish a comprehensive market trading mechanism that includes distributed photovoltaics, virtual power plants, and charging stations, addressing challenges for mass purchasing users [6].
广东市场化交易电量占比近7成，规模领跑全国