China’s government has proposed using blockchain technology to certify and track renewable energy production and consumption, linking these records to a unified national electricity market. The guidelines aim to enhance transparency, support carbon accounting, and remove provincial trading barriers, with full market integration targeted for 2035.
The government of China has proposed wider use of blockchain systems across electricity markets to link production, trading, and consumption records nationwide. Authorities seek reliable blockchain certification for renewable output while supporting transparent consumption tracking through unified digital platforms.
With State Council approval, officials rolled out guidelines to promote power industry reforms and accelerate a unified national electricity market. The reforms include smoother cross-regional trading, the removal of provincial barriers, and more efficient allocation of resources.
Policies must be fully verified from renewable energy production to end use, using blockchain to ensure benefits are properly recognized. Digital ledgers would increase traceability and help regulators understand actual green power use.
The authorities are also tracing how green certificates can be integrated into carbon accounting, so consumption data can support emission management objectives. This certification will guide both voluntary and mandatory renewable energy procurements and help stabilize green certificate prices.
Reforms will merge spot, medium-term, and long-term electricity trading across the country to make price signals more precise. Policymakers expect spot markets to guide flexible generation sources while contracts ensure long-term electricity security.
The supervisory environment will become more stringent as integrated policies merge a fragmented market, increasing price supervision vigilance. Agencies including the National Development and Reform Commission and the National Energy Administration will coordinate this process.
Market-based electricity trading is expected to satisfy most of the country’s demand before 2030, with further provincial integration by 2035. The reforms aim to tap the multiple values of energy, improve resource efficiency, and promote the joint development of different energy sources.
The plan relies on credit supervision, a single set of technical rules, and strong risk management to ensure stable power supply during emergencies. An open evaluation framework will monitor functionality, giving policymakers clear indicators to fine-tune policies and maintain competitive national electricity markets.
Ultimately, linking blockchain-supported certification with trading reforms will enable the power industry to accelerate renewable adoption and enhance transparency. This will align consumption data with future carbon reduction targets, strengthening progress toward sustainable development in the electricity sector.
