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.