China aims to launch national power exchange when ‘time is ripe’ National power market to evolve alongside emissions trading Deepens power sector reform to boost renewables adoption China plans to set up a uniform power market by 2030 and launch a national power exchange ‘when the time is ripe’, moves that are key to the large-scale adoption of renewables and the decarbonization of the world’s largest power sector.
The country’s top economic planner National Development and Reform Commission, or NDRC, and the National Energy Administration end-January published “guidelines for accelerating the development of a uniform national power market mechanism.” The NDRC provided a roadmap to establish a power market with electricity flowing across an integrated national power grid. It officially proposed the creation of a national power exchange for the first time. The guidance tackles bottlenecks […]