Energy Insider: China Starts Trial of Clean Power Trading

In today’s Caixin energy news wrap: China offers preferential transport prices for certain fertilizer products to reduce costs; Southern Power Grid unveils plan to support Guangdong-Macao cooperation zone; domestic flights plunged in August amid mounting outbreak fears.

China initiates pilot program for clean power trading

China started a clean power trading trial Tuesday with 7.9 billion kilowatt-hours involved on the first day. Trading prices for electricity in the new pilot program are 0.03-0.05 yuan per kilowatt-hour higher than average prices for medium and long-term power supply contracts. The premium will be used in the development of green power projects, according to the National Development and Reform Commission (NDRC). The trial, which includes only wind and solar power for now, will expand to add hydropower and other renewable energy markets later, the NDRC said.