As Q4 begins the seasonal lull has not materialized: monthly traded power prices
rose in Guangdong and Jiangsu and southern spot power strengthened even after
peak-summer demand began to fade. On Oct 13 the Jiangsu Electricity Trading
Center issued the 2027 Jiangsu Electricity Retail Market Transaction Work
Guidelines to promote wholesale-to-retail price pass-through. Industry experts
say the current price rise reflects multiple supply- and demand-side factors and
constitutes a reasonable market fluctuation; several broker utilities analysts
judge 2026 may be the domestic electricity-price trough and that an inflection
is emerging.