Caixin
Nov 05, 2021 08:57 PM
BUSINESS

Prices Surge on Guangdong Spot Power Market After Five-Month Break

What’s new: Prices surged in Guangdong province’s monthly spot power market when trading resumed on Monday following a five-month suspension of the pilot program.

Prices on the day-ahead market, the main arena for trading power, averaged at 0.8345 yuan ($0.13) per kilowatt hour for coal-fired electricity on Monday, 80% higher than the local benchmark price set ahead of time by the government, data released by the Guangdong Power Exchange Center show. The price fluctuated over the week, ending at 0.72987 yuan per kilowatt hour on Friday.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
00:00
00:00/00:00