Guangxi Power Exchange Center Co., Ltd. has issued an auction announcement for the mechanism power price of Guangxi's 2027 new energy incremental projects.
The scope of auction applicants covers wind power and solar PV projects that were put into operation (fully grid-connected) between June 1, 2025 and December 31, 2027, have not previously been included in the mechanism power price execution scope, and have completed 2027 auction registration.
Applicants participating in this auction are new energy projects meeting the above conditions, organized separately for wind power and solar PV in two categories for auction applications and price clearing.
After a new energy project confirms a delegated agency relationship with an auction agent, the agent participates in the auction on its behalf. Agents must hold either electricity retail company or virtual power plant qualifications, and the deadline for establishing the delegated agency relationship is 18:00 on October 28, 2026.
According to the Implementation Plan and the Auction Notice, following review by the regional price authorities together with the energy authorities and other relevant units, the auction volume is set at 10.42 billion kWh, of which wind power accounts for 9.02 billion kWh and solar PV accounts for 1.4 billion kWh.
On September 1, the Guangxi Zhuang Autonomous Region Development and Reform Commission and the Guangxi Zhuang Autonomous Region Energy Bureau issued the Notice on Matters Concerning the Mechanism Power Price Auction for 2027 New Energy Incremental Projects.
The document states: (1) Volume scale. It is determined at 40% of the annual forecast on-grid electricity of new energy incremental projects in the region that have not previously been included in the mechanism power price execution scope, with the specific scale subject to the auction registration review results.
(2) Application adequacy ratio. The lower limit of the auction application adequacy ratio for both wind power and solar PV is 120%. When the electricity volume of auction entities participating in clearing fails to meet the adequacy ratio requirement, the total mechanism electricity scale for that category will be reduced until the minimum requirement is met.
(3) Upper and lower limits of auction application price. The unit for the mechanism power price application is "yuan/kWh" (retaining three decimal places, including VAT). The upper limit for both wind power and solar PV auction applications is 0.36 yuan/kWh, and the lower limit is 0.15 yuan/kWh.
(4) Upper limit of applicable electricity volume. The electricity a single new energy project applies to include in the mechanism is tentatively capped at no more than 80% of its total on-grid electricity, and the declared mechanism electricity ratio must be an integer multiple of 1%.
The full announcement is as follows:
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