State Grid power market trading system has been put into operation on Oct. 26th . SGCC has signed agreements with China Yangtze Power Co., Ltd., Yacheng International Power Generating Co., Ltd., Shaanxi Guahua Jinjie Energy Co., Ltd., etc. This is a milestone in the national power market.

The trading platform of the state grid, which boasts all sorts of technologies and functions needed in the integrated work flows of power market operation, provides users with market information such as the balance of power capacity, power demand and predicted load in the national power market, as well as services such as market trading quotations, contract signing and power billing settlement, etc. and will innovate, enrich and perfect all sorts of functions step by step to supply better service to the market transaction continuously. The construction of the platform will forcefully advance the establishment and development of the power market; promote the cross-region, cross-province optimization of resource allocation and energy-saving and emission-reducing. 

From this Jan. to Sep, The general situation of power transaction in the company's operation area was good. The power consumption within the company's business area was 1902.1 TWH, increased 14.63% compared with the same period last year; the newly installed capacity is 67.048GW, with 34 items of the fourth phase project which aims at improving the power transmission capacity finished and 1,057MW of transmission capacity increased. The 155.548 TWH power capacity has accumulatively been traded in the national power market, an increase of 26.84% compared with last year. Through optimized power transaction of 35.1 TWH by substituting the small generating units with large ones, 3 million tons of standard coals has been saved, and 56,700 tons of sulfur dioxide emissions has been reduced.

Data Sources: PR Department