Guangxi Electric Power Market Annual Report 2024

The 2024 Guangxi Electric Power Market Annual Report, published by the Guangxi Electric Power Trading Center in March 2025, details the region's power market developments under the guidance of the 20th National Congress and local energy authorities. In 2024, Guangxi advanced market reforms, integrating medium- and long-term, spot, and ancillary service markets. It pioneered government-authorized contracts to ensure new energy revenue while reducing costs, implemented coal-fired capacity pricing, and optimized green power trading, achieving high transaction volumes. The report highlights load-side regulation via low-peak consumption, 13 energy storage entities entering the market, first-time 'green car charging with green electricity,' and vehicle-grid interaction rules. A 'carbon electricity source search' system enabled carbon footprint visualization. The region's GDP reached 2.86494 trillion yuan, up 4.2%, with total installed capacity at 96.2128 million kW (24.89% increase), dominated by clean energy (89.3% of new capacity). Domestic generation was 243.389 billion kWh, with cross-regional power flows. The report outlines 2025 plans to enhance market mechanisms, risk monitoring, 5G applications, and customer service.