China trades 58.43 million green certificates in September; 2026-vintage average is RMB 6.16
China's National Energy Administration reported on October 29 that 58.43 million green certificates traded in September, down 3.49% month on month and 10.23% year on year.
The story explained
China’s National Energy Administration reported on October 29 that 58.43 million green certificates traded in September, down 3.49% month on month and 10.23% year on year. Separate certificate trading reached 39.45 million, up 12.63% from August.
Issuance was 326 million certificates, down 8.01% monthly, covering 4.3971 million renewable-generation projects. Tradable certificates represented 60.45% of issuance; certificates for August 2026 generation accounted for 93.95% of the month’s issuance.
Separate trades for 2024, 2025 and 2026 generation were respectively 2.02 million, 12.99 million and 24.43 million certificates. Their average prices were RMB 0.56, RMB 1.60 and RMB 6.16 per certificate. These are monthly statistical averages by generation year, not live quotations.
Certificates associated with green-power trading totalled 18.98 million, down 25.61% month on month. Issuance and the two trading categories measure different activities. Certificate prices are not retail electricity tariffs, material prices or finished-valve quotations.
Why it matters
Editorial analysis: Industrial energy budgets should distinguish certificate vintage and trading route when assessing renewable attributes.
Relevant toIndustrial energy managers, manufacturing buyers and renewable-project teams
What to watch next
Monitor monthly vintage-specific volumes, average prices and actual procurement terms.
These are research prompts, not announced tenders or confirmed subsequent developments.
国家能源局
国家能源局发布2026年9月全国可再生能源绿色电力证书核发及交易数据
This is an independently written summary and analysis, not an official translation. Project plans and status may change.