Data released by China's National Energy Administration on October 29 shows that from January to September, the country's electricity market trading volume reached 4.9239 trillion kilowatt-hours (kWh), marking a 7.2% year-on-year increase.

In September alone, the electricity market trading volume stood at 573.2 billion kWh, up 9.8% compared to the same period last year.

Breaking down the figures by transaction scope: - Intra-provincial trading volume totaled 430.3 billion kWh, rising 7.2% year-on-year. - Cross-provincial and cross-regional trading volume reached 142.9 billion kWh, surging 18.5% year-on-year.

By transaction type: - Medium-to-long-term transactions accounted for 533.1 billion kWh. - Spot market transactions reached 40.1 billion kWh. - Green power trading volume hit 29 billion kWh, showing robust growth of 42.9% year-on-year.

For the first nine months as a whole: - The 4.9239 trillion kWh trading volume represented 63.4% of total electricity consumption, up 1.4 percentage points year-on-year. - Intra-provincial transactions made up 3.7289 trillion kWh (up 5.7% YoY). - Cross-provincial/regional transactions totaled 1.195 trillion kWh (up 12.1% YoY). - Medium-to-long-term transactions dominated at 4.7234 trillion kWh. - Spot transactions reached 200.5 billion kWh. - Green power trading volume grew 40.6% YoY to 234.8 billion kWh.

Electricity market trading refers to power transactions conducted through market mechanisms between generation companies, electricity retailers, and large consumers. Since the new round of power sector reforms, China has been steadily advancing its electricity market development, with market-based trading volumes expanding annually.