The National Development and Reform Commission and the National Energy
Administration said market trading of transmission rights on the Yunxiao DC
transmission channel will start on June 1, 2026 under the interim Yunxiao DC
Transmission Rights Market Trading Plan, initially permitting monthly and
shorter tenors. State Grid and China Southern Power Grid are required to ensure
safe, stable channel operation, implement priority-generation scheduling
requirements and safeguard power supply to Fujian and Guangdong while orderly
integrating the new transmission-rights trading with existing market mechanisms.
The notice directs using transmission-rights trading to promote market-based
absorption of renewables and to expand cross-province and cross-region green
power consumption, and to provide stable expectations for equal participation
and efficient use of the channel.
