中文
Electricity traded through China's power exchanges reached 5,667.94 TWh in 2023, up 7.9% against the prior year, representing 61.4% of the nation's total power consumption, showed data from the China Electricity Council (CEC).
Full-year trades within provinces stood at 4,059.01 TWh, while cross-province transactions reached 1,158.94 TWh, the CEC data showed.
By region, trades through exchanges in regions covered by the State Grid Corporation of China, the country's largest grid operator, totaled 4,443.36 TWh, up 6.8% year on year. The traded power met 61.1% of total demand in its service areas, the data showed.
Power trades managed by China Southern Power Grid, which supplies southern regions, rose 9.2% to 931.77 TWh, fulfilling 59.2% of consumption in the five grid-covered provinces – Guangdong, Guangxi, Yunnan, Guizhou and Hainan.
There was 292.81 TWh that happened at Inner Mongolia power exchange center, which increased 22.6% year on year and represented 77.3% of the region's total use.
Of all market-based electricity trades, medium- and long-term power trades hit 4,428.89 TWh in 2023, rising 7% year on year, with intra-province trades at 4,299.53 TWh and cross-province trades at 129.36 TWh.
Medium and long-term power trades in the State Grid-served regions amounted to 3,377.7 TWh in 2023, up 5.6% year on year, the data showed.
In December, the power trades rose 17.5% year on year to 565.98 TWh, of which 447.25 TWh completed within provinces and 118.74 TWh in a cross-province manner.
Medium- and long-term power trades stood at 433.62 TWh last month, increasing 16.2% from the previous year, of which intra-province trades accounted for 420.79 TWh while that of cross-province reached 12.82 TWh.
The higher electricity trades came as China worked to increase market competition and ensure stable power supplies to support its economic growth. Reliance on market mechanisms has also helped optimize power resources allocation.
(Writing by yan.sun Editing by Alex Guo)
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