Power Market Reform Accelerates
In 2025, major Asia Pacific power markets accelerated market-oriented reforms. China's power spot market pilot expanded to over 20 provinces nationwide, India advanced power exchange reforms, and Australia's National Electricity Market (NEM) further improved.
China Spot Market Expansion
China's power spot market daily trading volume exceeded 10 billion kWh, with new energy participation in spot trading rising to over 30%. Spot price signals effectively guided optimal allocation of power resources.
New Energy Market Participation
With the expanding scale of new energy installations, the proportion of wind and solar power participating in market-based trading continues to increase. Green power trading mechanisms are continuously improving, with green power premiums gradually returning to reasonable levels.
Cross-Border Power Trade
Asia Pacific cross-border power trade scale continues to expand. China-ASEAN power interconnection projects are steadily advancing, with clean power from Laos, Myanmar and other countries exported to neighboring countries through cross-border transmission lines.
Electricity Pricing Mechanism Optimization
Electricity pricing mechanisms in various countries continue to optimize, with peak-valley price spreads widening and demand response mechanisms gradually improving. Power market price signals effectively guide power generation investment and consumer electricity usage behavior.
