1月7日，国家能源局发布的《可再生能源绿色电力证书管理实施细则（试行）》指出，绿证核发机构依托国家绿证核发交易系统按 月对可再生能源电量核发绿证，每1 000千瓦时可再生能源电量核发1个绿证，不足核发1个绿证的当月电量结转至次月。 以下为原文 国家能源局关于印发《可再生能源绿色电力证书管理实施细则（试行）》的通知 国能发资质规﹝2 02 5﹞107号 各省（自治区、直辖市）能源局，有关省（自治区、直辖市）及新疆生产建设兵团发展改革委、工业和信息化主管部门，北京市城市 管理委，各派出机构，国家电网有限公司、中国南方电网有限责任公司、内蒙古电力（集团）有限责任公司，有关发电企业，北京电 力交易中心、广州电力交易中心、内蒙古电力交易中心，水电水利规划设计总院： 为进一步加强和规范绿证相关管理工作，我局制定了《可再生能源绿色电力证书管理实施细则（试行）》，现印发给你们，请遵照执 行。 国家能源局 2 025年11月28日 可再生能源绿色电力证书管理实施细则（试行） 第一章 总 则 第一条 为完善绿色能源消费促进机制，规范可再生能源绿色电力证书（以下简称绿证）核发等相关管理工作，依法维护各方合法权 益，根据《中华人民共 ...

Group 1 - The National Energy Administration issued 258 million green certificates in November 2025, involving 509,700 renewable energy generation projects, with 150 million tradable green certificates, accounting for 58.25% [2] - In the period from January to November 2025, a total of 2.736 billion green certificates were issued, of which 1.743 billion were tradable [2] - The breakdown of green certificates issued in November 2025 includes wind power (75,96), solar power (5,804), conventional hydropower (10,822), biomass power (1,331), and other renewable energy sources (280), totaling 25,833 [4] Group 2 - In November 2025, a total of 132 million green certificates were traded nationwide, with 25.39 million being green electricity trading certificates [5] - From January to November 2025, a total of 728 million green certificates were traded, including 228 million green electricity trading certificates [5] - The average trading price of green certificates for electricity produced in 2024 was 4.28 yuan per certificate, while for electricity produced in 2025, it was 5.16 yuan per certificate [7]

Summary of Key Points Core Viewpoint - The National Energy Administration has released data on the issuance and trading of renewable energy green power certificates for October 2025, highlighting significant activity in the renewable energy sector. Group 1: Green Certificate Issuance - In October 2025, the National Energy Administration issued 370 million green certificates, covering 374,100 renewable energy generation projects, with 158 million being tradable certificates, accounting for 42.61% of the total issued [1] - The green certificates corresponding to renewable energy generation for September 2025 amounted to 243 million, representing 65.80% of the total [1] - From January to October 2025, a total of 2.478 billion green certificates were issued, with 1.592 billion being tradable [1] Group 2: Green Certificate Trading - In October 2025, a total of 6.67 million green certificates were traded nationwide, including 2.299 million green power trading certificates [3] - From January to October 2025, the total number of traded green certificates reached 596 million, with 202 million being green power trading certificates [3] Group 3: Trading Prices of Green Certificates - The average trading price for green certificates from the production year 2024 was 2.56 yuan per certificate, while for the production year 2025, the average price was 5.22 yuan per certificate [5]

Group 1 - In October 2025, the National Energy Administration issued 370 million green certificates, involving 374,100 renewable energy generation projects, with 158 million being tradable green certificates, accounting for 42.61% [2] - For the period from January to October 2025, a total of 2.478 billion green certificates were issued, of which 1.592 billion were tradable [2] - The issuance of green certificates in October 2025 corresponds to 243 million renewable energy electricity, representing 65.80% [2] Group 2 - In October 2025, a total of 66.7 million green certificates were traded nationwide, with 22.99 million being green electricity trading certificates [5] - From January to October 2025, a total of 596 million green certificates were traded, with 202 million being green electricity trading certificates [5] - The average trading price for green certificates produced in 2024 was 2.56 yuan per certificate, while for those produced in 2025, it was 5.22 yuan per certificate [7] Group 3 - The trading volume of green certificates in October 2025 included 3.023 million from wind power and 3.403 million from solar power [7] - The average price for green certificates produced in 2025 saw a month-on-month decrease of 19.14% [9] - The total trading volume for renewable energy types in October 2025 included 137 from biomass power and 108 from other renewable energy sources [7]

Green Certificate Issuance - In September 2025, the National Energy Administration issued 229 million green certificates, covering 306,500 renewable energy generation projects, with 158 million being tradable green certificates, accounting for 68.86% [2] - For the period from January to September 2025, a total of 2.108 billion green certificates were issued, of which 1.435 billion were tradable [2] Green Certificate Issuance by Renewable Energy Type - In September 2025, the issuance of green certificates by renewable energy type was as follows: Wind power: 72,160; Solar power: 73,240; Conventional hydropower: 68,760; Biomass power: 13,000; Other renewable energy: 1,241, totaling 229,390 [4] - From January to September 2025, the total issuance was 2,107,580 green certificates [4] Green Certificate Trading - In September 2025, a total of 65.12 million green certificates were traded nationwide, with 21.02 million being green electricity trading certificates [5] - From January to September 2025, a total of 529 million green certificates were traded, with 179 million being green electricity trading certificates [5] Green Certificate Trading by Renewable Energy Type - In September 2025, the trading of green certificates by renewable energy type was as follows: Wind power: 28,600; Solar power: 32,880; Biomass power: 1,620; Other renewable energy: 2,010, totaling 65,120 [7] - The average trading price for green certificates in September 2025 was 4.99 yuan per certificate, reflecting a month-on-month decrease of 11.78% [7][10]

Green Certificate Issuance - In August 2025, the National Energy Administration issued 271 million green certificates, covering 306,500 renewable energy generation projects, with 152 million being tradable green certificates, accounting for 55.99% [2] - For the period from January to August 2025, a total of 1.878 billion green certificates were issued, of which 1.277 billion were tradable [2] - The breakdown of green certificate issuance in August 2025 by renewable energy type includes: Wind Power (6,494), Solar Power (7,327), Conventional Hydropower (11,767), Biomass Power (1,328), and Other Renewable Energy (228) [3] Green Certificate Trading - In August 2025, a total of 48.38 million green certificates were traded nationwide, with 17.63 million being green electricity trading certificates [4] - From January to August 2025, a total of 464 million green certificates were traded, including 158 million green electricity trading certificates [4] - The average trading price for green certificates in August 2025 was 5.66 yuan per certificate, reflecting a month-on-month increase of 22.77% [6] Trading Price Overview - The trading price for green certificates has varied by production year, with 2025 showing an average price of 8.10 yuan per certificate, a month-on-month increase of 17.83% [8] - The average trading price for all certificates in August 2025 was 5.66 yuan, with a significant increase of 22.77% compared to the previous month [8]

Group 1: Green Certificate Issuance - In July 2025, the National Energy Administration issued 236 million green certificates, covering 235,800 renewable energy generation projects, with 166 million tradable green certificates, accounting for 70.63% [1] - For the period from January to July 2025, a total of 1.607 billion green certificates were issued, of which 1.125 billion were tradable [1] - The green certificates issued in June 2025 corresponded to 194 million renewable energy generation, representing 82.36% [1] Group 2: Green Certificate Trading - In July 2025, a total of 68.21 million green certificates were traded nationwide, with 34.72 million being green power trading certificates [4] - From January to July 2025, 416 million green certificates were traded, including 141 million green power trading certificates [4] - The average trading price for green certificates in July 2025 was 4.61 yuan per certificate, with a month-on-month increase of 35.42% [6] Group 3: Breakdown of Green Certificate Issuance and Trading by Renewable Energy Type - In July 2025, the issuance of green certificates by renewable energy type included: wind power (77,73), solar power (75,02), conventional hydropower (68,63), biomass power (1,256), and others (1,828), totaling 23,553 [3] - For the first seven months of 2025, the total issuance by type was: wind power (65,403), solar power (35,467), conventional hydropower (48,856), biomass power (10,091), and others (828), totaling 160,675 [3] - In July 2025, the trading of green certificates by type included: wind power (3,648), solar power (2,822), biomass power (253), and others (97), totaling 6,821 [6]

Green Certificate Issuance - In June 2025, the National Energy Administration issued 278 million green certificates, a month-on-month increase of 29.33%, covering 198,700 renewable energy generation projects, with 196 million being tradable green certificates, accounting for 70.64% [1] - From January to June 2025, a total of 1.371 billion green certificates were issued, of which 958 million were tradable [1] Renewable Energy Generation Types - In June, the issuance of green certificates by renewable energy generation type included: - Wind power: 11,078 - Solar power: 6,994 - Conventional hydropower: 8,226 - Biomass power: 1,330 - Other renewable energy: 171 - Total green certificates issued in June: 27,799, and from January to June: 1,371,122 [3] Green Certificate Trading - In June 2025, a total of 60.91 million green certificates were traded nationwide, with 10.33 million being green electricity trading certificates. From January to June, 348 million green certificates were traded, including 107 million green electricity trading certificates [4] - In June, the average trading price of green certificates was 3.40 yuan per certificate, with a month-on-month increase of 24.77% [6] Trading by Renewable Energy Generation Types - In June, the trading of green certificates by renewable energy generation type included: - Wind power: 2,927 - Solar power: 2,364 - Biomass power: 678 - Other renewable energy: 122 - Total green certificates traded in June: 6,091, and from January to June: 34,826 [6]

Group 1: Green Certificate Issuance - In May 2025, the National Energy Administration issued 215 million green certificates, a month-on-month decrease of 0.59%, covering 127,100 renewable energy generation projects, with 130 million tradable green certificates, accounting for 60.31% [1] - From January to May 2025, a total of 1.093 billion green certificates were issued, of which 762 million were tradable [1] - The breakdown of green certificate issuance by renewable energy type in May includes: Wind power (82,32), Solar power (40,55), Conventional hydropower (74,48), Biomass power (16,37), and Other renewable energy (123), totaling 21,495 [3] Group 2: Green Certificate Trading - In May 2025, a total of 29.87 million green certificates were traded nationwide, including 10.05 million green electricity trading certificates [4] - From January to May 2025, a total of 287 million green certificates were traded, with 96.23 million being green electricity trading certificates [4] - The trading of green certificates in May included 19.82 million certificates with an average trading price of 2.73 yuan per certificate, reflecting a month-on-month increase of 18.12% [5]

Group 1: Green Certificate Issuance - In April 2025, the National Energy Administration issued 216 million green certificates, a month-on-month increase of 23.94%, covering 104,300 renewable energy generation projects [1] - Among the issued certificates, 165 million were tradable, accounting for 76.36%; the certificates corresponding to renewable energy generation in March 2025 were 191 million, representing 88.17% [1] - From January to April 2025, a total of 878 million green certificates were issued, with 621 million being tradable [1] Group 2: Green Certificate Trading - In April 2025, a total of 59.4 million green certificates were traded nationwide, with 27.39 million being green electricity trading certificates [3] - From January to April 2025, a total of 259 million green certificates were traded, including 87.83 million green electricity trading certificates [3] - The trading volume of green certificates in April 2025 included 33.15 million from wind power, 24.16 million from solar power, 1.90 million from biomass power, and 0.20 million from other renewable energy sources [5] - The average trading price of green certificates in April 2025 was 2.31 yuan per certificate, reflecting a month-on-month increase of 63.24% [5]