Core Insights - The total electricity market transaction volume in China reached 573.2 billion kWh in September 2025, marking a year-on-year growth of 9.8% [2] - In the first nine months of 2025, the cumulative electricity market transaction volume was 492.39 billion kWh, representing a year-on-year increase of 7.2% and accounting for 63.4% of the total electricity consumption [2] Transaction Breakdown - In September 2025, intra-provincial transaction volume was 430.3 billion kWh, up 7.2% year-on-year, while inter-provincial and inter-regional transactions reached 142.9 billion kWh, showing a significant increase of 18.5% [2] - For the first nine months of 2025, intra-provincial transactions totaled 372.89 billion kWh, a 5.7% increase year-on-year, and inter-provincial transactions were 119.5 billion kWh, up 12.1% [2] Transaction Types - In September 2025, the medium and long-term transaction volume was 533.1 billion kWh, while spot transaction volume was 40.1 billion kWh [2] - From January to September 2025, medium and long-term transactions accounted for 472.34 billion kWh, and spot transactions reached 20.05 billion kWh [2] - Green electricity transaction volume in September 2025 was 29 billion kWh, reflecting a year-on-year growth of 42.9%, while for the first nine months, it was 23.48 billion kWh, increasing by 40.6% year-on-year [2]