China's Power Market Developments: Inter-provincial Trading, Compensation for Coal Plants, and Nationwide Rules for Spot Markets

China plans to launch inter-provincial power trading and pilot more regional electricity grids as it aims to build a national spot market by 2030. Vietnam seeks approval to speed up electricity imports from Laos due to shortages in the northern region. China considers compensating power generators for building coal-fired power plants as it transitions to clean energy. China issues nationwide rules for electricity spot markets to promote renewable energy and establish a national power market.