Core Insights - The green electricity trading market in China is still in its early stages, requiring improvements in infrastructure, market mechanisms, and technological innovation to address existing challenges [1][2][4] Group 1: Current Market Developments - Ningxia has completed its first green electricity transaction in a green electricity park, while regions like Inner Mongolia and Shanghai are working towards a closed-loop green electricity trading process [1] - In the first half of this year, the green electricity trading volume in Guangdong Province increased by over 60% year-on-year [1] - The national market-based trading volume of electricity from renewable sources has risen from less than 17% in 2016 to 61% in 2023 [1] Group 2: Challenges in Green Electricity Trading - There is a mismatch between the production and consumption of green electricity, with resources primarily located in the northwest while demand centers are in the eastern regions [2] - The green electricity certification mechanism is inadequate, limiting the international recognition of green certificates and the expansion of the trading market [2] - The stability of green electricity production is affected by seasonal and climatic changes, leading to uncertainties in market supply [2] Group 3: Recommendations for Improvement - Enhance the construction of direct current grids for green electricity to facilitate the "West-to-East" electricity transmission and address regional supply-demand imbalances [3] - Improve the green electricity certification mechanism and establish multiple certification channels to meet industry demands and alleviate pressures on high-energy-consuming industries [4] - Strengthen the development of energy storage technologies to stabilize green electricity production and enhance the overall efficiency of the electricity supply chain [5]

Core Viewpoint - The article highlights the growth in electricity market transactions in China, indicating a positive trend in both provincial and inter-provincial electricity trading, as well as a significant increase in green electricity transactions [2]. Group 1: National Electricity Market Transactions - In July 2025, the total electricity market transaction volume reached 624.6 billion kilowatt-hours, representing a year-on-year growth of 7.4% [2]. - Among this, the provincial transaction volume was 461.4 billion kilowatt-hours, with a year-on-year increase of 7.3%, while the inter-provincial and inter-regional transaction volume was 163.2 billion kilowatt-hours, growing by 7.9% year-on-year [2]. - Green electricity transaction volume in July 2025 was 25.6 billion kilowatt-hours, showing a substantial year-on-year increase of 43.2% [2]. Group 2: Cumulative Electricity Market Transactions - From January to July 2025, the cumulative electricity market transaction volume reached 3.59 trillion kilowatt-hours, marking a year-on-year growth of 3.2% and accounting for 61.2% of the total electricity consumption, a decrease of 0.9 percentage points year-on-year [2]. - The provincial transaction volume during this period was 2.73 trillion kilowatt-hours, with a year-on-year growth of 1.6%, while the inter-provincial and inter-regional transaction volume was 855.8 billion kilowatt-hours, reflecting a year-on-year increase of 9% [2]. - The green electricity transaction volume for the first seven months of 2025 was 181.7 billion kilowatt-hours, which is a year-on-year increase of 42.1% [2].

Core Insights - The national electricity market transaction volume reached 502 billion kilowatt-hours in June 2025, marking a year-on-year increase of 2.2% [1] - In the first half of 2025, the cumulative market transaction volume was 2.95 trillion kilowatt-hours, up 4.8% year-on-year, accounting for 60.9% of total electricity consumption, an increase of 0.52 percentage points compared to the previous year [1] Provincial and Cross-Regional Transactions - The provincial transaction volume in June 2025 was 384.7 billion kilowatt-hours, showing a slight decline of 0.22% year-on-year [1] - Cross-provincial and cross-regional transactions reached 117.4 billion kilowatt-hours in June 2025, reflecting a significant year-on-year growth of 11.1% [1] - For the first half of 2025, provincial transaction volume was 2.28 trillion kilowatt-hours, remaining stable year-on-year, while cross-provincial and cross-regional transactions increased by 18.2% to 670.7 billion kilowatt-hours [1] Green Electricity Transactions - Green electricity transaction volume in June 2025 was 23.9 billion kilowatt-hours, representing a year-on-year increase of 15.6% [1] - In the first half of 2025, green electricity transactions totaled 154 billion kilowatt-hours, showing a remarkable year-on-year growth of 49.3% [1]