State Grid and China Southern Power Grid are responsible for the operation of the national power grid, of which State Grid is responsible for 26 provinces and cities and China Southern Power Grid is responsible for 5 provinces including Guangdong. These two companies account for about 89% of county-level electricity sales in China.
The main difference between the two is the different jurisdiction:
The core business of State Grid Corporation is to invest in power grid construction and operation, and its business area covers 26 provinces, autonomous regions and municipalities directly under the central government, covering more than 88% of the country's land area.
China Southern Power Grid Corporation (hereinafter referred to as China Southern Power Grid Corporation) is a super-large state-owned power grid enterprise officially listed on February 29th, 2002, covering five southern provinces (regions) such as Guangdong, Guangxi, Yunnan, Guizhou and Hainan.