According to the State Grid, on October 15, the interprovincial electricity spot market was officially put into operation. The scope of market-based electricity trading in China was further expanded, traders were richer, and the trading mechanism was more perfect, which is of great significance to the construction of a unified electricity market system throughout the country. Industry insiders said that the development of inter-provincial electricity spot trading has introduced more flexible resource allocation methods to the power system, enabling more efficient real-time trading of power generation and electricity resources in various regions, thereby providing a wider space for the electricity consumer side to reduce electricity costs and increase the level of profit and consumption on the power generation side. After the launch of the interprovincial electricity spot market, new business formats such as virtual power plants will also usher in development opportunities, covering various industries such as commercial complexes, charging piles, steel, and chemicals.

According to the State Grid, on October 15, the interprovincial electricity spot market was officially put into operation. The scope of market-based electricity trading in China was further expanded, traders were richer, and the trading mechanism was more perfect, which is of great significance to the construction of a unified electricity market system throughout the country. Industry insiders said that the development of inter-provincial electricity spot trading has introduced more flexible resource allocation methods to the power system, enabling more efficient real-time trading of power generation and electricity resources in various regions, thereby providing a wider space for the electricity consumer side to reduce electricity costs and increase the level of profit and consumption on the power generation side. After the launch of the interprovincial electricity spot market, new business formats such as virtual power plants will also usher in development opportunities, covering various industries such as commercial complexes, charging piles, steel, and chemicals.