Details on the Scale of National Electricity Market Transactions in 2022

On February 13, the National Energy Administration held its regular press conference in Beijing. Zhao Xueshun, Deputy Director of the Market Supervision Department of the NEA, provided an update on the scale of electricity market transactions across China. According to transaction settlement data, in 2022, the total volume of electricity traded in the national market reached 5.25 trillion kilowatt-hours, a year-on-year increase of 39%. This accounted for 60.8% of the nation's total electricity consumption, up 15.4 percentage points from the previous year. Notably, cross-provincial and cross-regional market-oriented electricity trading exceeded 1 trillion kilowatt-hours for the first time, growing nearly 50% year-on-year. As a result, the market's role in facilitating broader, more efficient allocation of power resources continued to strengthen. Meanwhile, the number of market participants registered with electricity trading institutions surpassed 600,000 for the first time, representing a 29% increase compared to the previous year. This surge has further invigorated market dynamics, laying a solid foundation for the continued growth of China's electricity market. Additionally, the average market transaction price for coal-fired power generation units nationwide reached 0.449 yuan per kilowatt-hour, approximately 18.3% higher than the national benchmark electricity price on average—effectively helping to ease the financial losses faced by coal-power enterprises.

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