Energy Insider: Gas Gets Cheaper With Pricing Mechanism Changes; China Plugs in First National Green Tech Exchange

In today’s Caixin energy news wrap: China’s top economic planning body releases new rules to revamp natural gas pricing; eastern province Zhejiang prepares for rising power demand; Shanghai to add more fuel cell powered vehicles; and China’s first national exchange for green technology opens.

Shanghai outlines plan to promote hydrogen vehicles

The city of Shanghai plans to put 5,000 fuel cell vehicles into operation over the next four years as part of a demonstration project to promote clean energy transportation. The vehicles will include 3,400 fuel cell-powered trucks, 1,400 passenger vehicles and 200 buses, according to Chen Kele, deputy director of the Division of Intelligent Manufacturing Promotion of the Shanghai government. To support the use of the vehicles, Shanghai and several neighboring cities will build 72 hydrogen refueling stations, including 50 in Shanghai. The city currently has nine such stations. Fuel cells generate electricity without creating harmful emissions using chemical reactions involving hydrogen.