Core Insights - Guangxi has introduced a new energy block trading method, with total traded electricity exceeding 20.5 billion kilowatt-hours, accounting for 15% of the total electricity market in Guangxi [1][2] Group 1: Energy Block Trading Overview - The energy block trading is primarily used for medium to long-term transactions, allowing for hourly granularity in trading, which reflects the supply and demand and cost differences at different times [1] - This trading method helps businesses determine trading volume and price based on demand, facilitating the connection between medium to long-term and spot markets [1] Group 2: Market Activity and Growth - In 2023, Guangxi's medium to long-term electricity trading has seen over 760,000 transactions, a 12-fold increase compared to the same period last year, with energy block trading accounting for 90% of these transactions [2] - Guangxi's trading volume represents about 80% of the total transaction volume in the five southern provinces (Guangdong, Guangxi, Yunnan, Guizhou, Hainan), indicating high activity and liquidity in the electricity market [2]

Core Insights - Guangxi has introduced a new energy block trading method, with total traded electricity exceeding 20.5 billion kilowatt-hours, accounting for 15% of the total electricity market in Guangxi and 90% of the medium to long-term trading transactions [1] Group 1: Energy Block Trading - The energy block trading method allows for precise hourly trading, reflecting supply and demand variations and cost differences at different times [1] - This trading method is primarily used in medium to long-term transactions, facilitating the connection between medium to long-term and spot markets [1] Group 2: Market Efficiency and Cost Reduction - The trading system aims to optimize electricity usage by encouraging users to consume less during peak hours and more during off-peak hours, while also guiding power generation accordingly [1] - The approach is designed to lower overall electricity costs, stimulate the development of the energy storage market, alleviate grid peak load pressure, and promote the consumption of clean energy [1] Group 3: Future Developments - The Guangxi Power Trading Center plans to enhance trading methods and explore retail side time-based trading to improve the transmission of wholesale and retail time-based pricing [2]