Core Insights - The Southern Power Grid Company of China has made significant progress in the electricity market construction in five provinces (Guangdong, Guangxi, Yunnan, Guizhou, Hainan), with green electricity trading volume exceeding 250 billion kWh this year, representing a year-on-year increase of 360% [1][2] Group 1: Market Development - The electricity market in the Southern five provinces has been in stable operation for over 100 days since the trial run of continuous settlement began on June 28, 2025, successfully withstanding various challenges such as peak summer demand and extreme weather events [1] - The number of registered service operators in the Southern five provinces has surpassed 250,000, and the cumulative electricity transmission from the west to the east has exceeded 30 trillion kWh, providing a model for the construction of a unified electricity market in China [1] Group 2: Trading Mechanism - The Southern five provinces have explored a comprehensive trading mechanism that includes long-term, spot, and ancillary services, achieving a fully functional market [1] - The region's electricity generation structure, characterized by abundant hydropower and complementary wind and solar resources, allows for comprehensive regulation during extreme weather and peak load scenarios [1] Group 3: Connectivity and Integration - The Southern five provinces have broken the segmentation of provincial electricity markets through physical and regulatory connectivity, aiming to achieve the largest scale of cross-operating area electricity trading in China by 2025, facilitating efficient flow of clean electricity over a larger area [1]
中国南方五省区绿电绿证交易量同比增长3.6倍
Zhong Guo Xin Wen Wang·2025-11-03 14:13