TREE NEWS reports: China’s national electricity trading volume rose 18.9% year-on-year in the first nine months of 2026, the National Energy Administration said. In September alone, power trading reached 673.7 billion kWh, up 17.5% year-on-year. Intra-provincial trading totaled 523.5 billion kWh, up 21.7%, while inter-provincial and cross-regional trading reached 150.2 billion kWh, up 5.0%. Green power trading was 31 billion kWh, up 6.9%.
China’s Power Market Trading Volume Up 18.9% in First Nine Months of 2026
The gap between intra-provincial growth and the much slower inter-provincial pace suggests the expansion is being driven by local market activity rather than a more integrated national grid — a distinction that matters for anyone tracking how Chinese power reaches data centres and industrial loads. Green power trading, growing far slower than the headline, is the number to watch: it implies the volume surge is still largely conventional generation. Whether green trading closes that gap as more renewables connect is the open question for RWA and energy-market observers.
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