China's southern regional power market, which covers the five provincial-level regions of Guangdong, Guangxi, Yunnan, Guizhou and Hainan, officially began operation on Saturday, marking a breakthrough in the building of a unified national power market system.
It is also the first regional power market in China, having begun operating after a year and a half of continuous-settlement trial operation. The market links the five provincial-level regions and brings coal-fired, hydropower, nuclear, wind, solar and gas-fired power into a single trading pool, with bidding conducted under a unified set of rules. It determines how much power is generated, at what price, who uses it and how much is used, thus making power trading more convenient and flexible.
Since trial operation began, the southern regional power market has seen nearly 900 billion kilowatt-hours (kWh) of power traded in the first nine months of this year, equivalent to about 70 percent of the power consumption of the five provincial-level regions, with daily trading volume peaking at 4 billion kWh.
"The biggest challenge in power market reform is breaking down market barriers. Previously, the five provincial-level regions each had their own power markets. Yunnan had surplus hydropower to export, while Guangdong needed power and wanted to import it, but because the provincial markets were not connected, resources could not be allocated efficiently. Now, we are building and operating the regional market in an integrated way, allowing market entities across the five regions to compete under a single institutional framework, so that power can be efficiently directed to where it is most needed," said Wang Jian, deputy general manager of the marketing department of China Southern Power Grid Co., Ltd.
China's southern regional power market officially begins operation
French protesters taking to the streets nationwide say they are growing increasingly frustrated and angry about the future as they struggle with the rising cost of living, deteriorating educational facilities and poor public services.
Nationwide demonstrations erupted in France on Oct 17, with the government estimating that approximately 550,000 people had participated across the country, while organizers claimed the figure reached 800,000.
In many cities, the protests escalated into violent unrest. In Paris, vehicles were set ablaze and shops were vandalized, while public facilities in several other cities also sustained varying degrees of damage.
The mass protests were initially triggered by students dissatisfied with a lack of educational resources and the poor condition of school facilities.
They were later joined by groups such as farmers and urban residents frustrated by rising energy prices, the high cost of living and declining public services.
Last week, protests in Marseille, France's second-largest city, descended into widespread violence.
On Oct 22, authorities in the Bouches-du-Rhone department, where Marseille is located, announced a ban on all protests across the department, including the southern port city, effective Oct 24.
High school students in Marseille say rising living costs and deteriorating school conditions are among the reasons they have taken to the streets.
"The price of gasoline and life itself have become too expensive. We have to protest, for the future, for ourselves and for our lives in the future," said Pablo Marez, a high school student.
"Overcrowding in classes, rats in classes. Walls in classes just don't stand up anymore. The heating doesn't work. During summer, it was way too hot," said Jenna, another high school student.
Observers said the protesters' demands highlight a series of governance challenges facing France, including a fiscal crisis, pressure on the welfare system and political polarization. With the 2027 presidential election approaching, some protesters say they see no candidate capable of turning the situation around.
"Currently, I don't see anyone who is capable of changing the situation in a country like France. I don't believe the answer lies in turning to the extremes or to the extremist parties -- whether it's the extreme right or the extreme left. People are becoming increasingly angry. We saw this on Saturday, October 17, and unfortunately, things are likely to get even worse in two days," said Jerome Borgeot, a social worker who works with homeless people in Marseille.
French protesters grow increasingly disillusioned about future amid nationwide demonstrations
