Electricity traded through China's power exchanges reached 521.59 TWh in January 2024, up 24.4% compared to the same month last year, showed data from the China Electricity Council (CEC).

Full-year trades within provinces stood at 412.04 TWh, while cross-province transactions reached 109.55 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 417.83 TWh, up 23.3% year on year.

Power trades managed by China Southern Power Grid rose 30.8% to 79.25 TWh in January, which fulfills power demand in the five grid-covered provinces – Guangdong, Guangxi, Yunnan, Guizhou and Hainan.

There was 24.51 TWh that happened at Inner Mongolia power exchange center, which increased 24.9% year on year.

Of all market-based electricity trades, medium- and long-term power trades hit 413.26 TWh in the same month, rising 23.6% on the year, with intra-province trades at 404.28 TWh and cross-province trades at 8.98 TWh.

Medium and long-term power trades in the State Grid-served regions amounted to 317.84 TWh, up 20.4% year on year, data showed.

(Writing by yan.sun  Editing by Alex Guo)
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