Opinion: Marketizing Renewable Energy Prices Has Its Benefits
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
Technicians install solar panels. Photo: Xinhua
Recently, the National Development and Reform Commission and the National Energy Administration issued a plan to marketize the grid prices of electricity generated by wind and solar sources. This marks another significant reform following the marketization reforms of coal-fired electricity prices in October 2021, offering valuable insights for further deepening reforms in the electricity system and other sectors.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
Share this article
Open WeChat and scan the QR code
- DIGEST HUB
Digest Hub
Back
Explore the story in 30 seconds
- China's recent plan marketizes grid prices for renewable energy like wind and solar, following coal pricing reforms, aiming to deepen electricity system reforms and expand market-based transactions.
- As renewable installations grow, accounting for over 40% of national power capacity, fluctuating energy supply requires reforms to create sustainable pricing mechanisms and strengthen market roles.
- The initiative seeks to balance electricity supply-demand, promote healthy industry growth, and align with broader economic reforms, pushing towards a unified national electricity market and energy security.
AI generated, for reference only
What Happened When
- 2002：
- "Electricity System Reform Plan" introduced, separating plants from grids and transmission from distribution.
- 2015：
- The "New Electricity Reform" described as "liberating both ends while controlling the middle" was initiated; plans for electricity production and consumption began to liberalize.
- October 2021：
- Marketization reforms of coal-fired electricity prices were implemented.
- As of the end of 2024：
- Renewable energy installations accounted for over 40% of the total national power installations, surpassing coal power installations, with wind and solar power combined making up about 20% of the total electricity generated.
AI generated, for reference only
- PODCAST
- MOST POPULAR
Sign in with Google
Sign in with Facebook
Sign in with 财新