Guangxi launched a special electricity transaction for the first time to stabilize growth, sending out a "gift package" of 543 million yuan to reduce the burden

China Energy Storage Network News: From April 14 to 17, Guangxi carried out a special "stabilizing growth" electricity transaction for the first time, with a transaction volume of 12.381 billion kWh, reducing electricity costs for customers by 543 million yuan.

As of April 20, Guangxi has completed four electricity transactions this year, continuously delivering "big gift packages" of cost reduction, with a total transaction volume of 36.886 billion kWh. It is estimated that the reform dividend will release 2.756 billion yuan, injecting another shot in the arm for the economic recovery in the whole region.

It is understood that since the beginning of this year, the Guangxi Power Trading Center has made full use of the power trading platform and stepped up efforts to optimize the business environment, promoting the resumption of production and increase of enterprises and the stable development of the economy. On the basis of annual long-term contract transactions, the center tracked the resumption of work and production of enterprises, investigated the transaction needs of users in key industries such as chemicals and ferroalloys in advance, focused on the needs of users who have not signed contracts and incremental users affected by the epidemic, and actively reported and communicated with the autonomous region's Ministry of Industry and Information Technology and other government departments. Under the guidance of the government, special transactions for stabilizing growth and incremental electricity transactions were carried out to further reduce costs and stabilize growth and stimulate market vitality.

The special transaction for stabilizing growth and the annual incremental transaction were conducted through bilateral negotiation. The market players involved in the transaction included 346 power generation, power sales and power users. CITIC Dameng Qinzhou New Materials Co., Ltd. is a production enterprise integrating manganese alloy processing and sales. The company's stabilizing growth transaction electricity volume this year is 244 million kWh, which is expected to reduce the company's electricity cost by 10.37 million yuan.

At present, the amount of electricity traded in Guangxi has been growing steadily, which fully reflects the trend of economic recovery in the region. By the end of March, the operating rate of 500 key enterprises in the autonomous region increased from 63% to 76%, and the overall electricity demand basically reached the same level as last year.

In the next step, the Guangxi Power Exchange Center will carry out multiple batches of market-based transactions such as monthly bidding, 10 kV large industrial users, modern service industry clusters, big data centers, and hydro-thermal (nuclear) power generation rights, and will do its best to organize transactions and provide market services, continue to release the dividends of reform, and add new impetus to the region's stable growth.