Guangxi Electric Power Market Annual Report 2024

The 2024 Guangxi Electric Power Market Annual Report, released by the Guangxi Electric Power Trading Center in March 2025, details the region's power market reforms and operations. It highlights the implementation of the 20th National Congress spirit, with a focus on deepening reforms and stabilizing economic growth. Key achievements include the establishment of a comprehensive market trading system integrating medium and long-term, spot, and ancillary service markets. Guangxi pioneered government-authorized contracts to ensure new energy income while reducing consumption costs. The report notes a 24.89% increase in total installed capacity to 96.21 million kW, with clean energy accounting for 89.3% of new additions. Green electricity trading volumes ranked nationally, and load-side regulation was enhanced through low-peak consumption transactions. Innovations include the first 'green car charging with green electricity' and 'vehicle-network interaction' market rules. A 'carbon electricity traceability' system was launched for carbon footprint visualization. The report also outlines 2025 work plans to improve market mechanisms, support long-term spot settlement, and expand 5G applications.