Electricity market

Industrial and commercial users of 10 kV and above will have to buy electricity directly on the market in Hunan by 2023

State Grid Hunan Electric Power Co., Ltd. issued a policy concerning the direct participation of industrial and commercial (C&I) users in power market transactions. Industrial and commercial users of 10 kV and above should directly participate in market transactions by buying power via power generation companies or electricity retailing companies. Local power grid companies will …

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Budweiser Foshan reaches 100% renewable power procurement in 2022

Budweiser Foshan invited representatives of the Foshan municipal government, Yuedian group, and surrounding enterprises to hold a forum with the theme of “carbon neutrality”. During the event, Budweiser Foshan announced that it had signed a ‘2022 renewable energy purchase framework agreement’ with Guangdong Yuedian Power Sales Co., Ltd. and Guangdong Electric Power Development Co., Ltd. …

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Corporate Net Zero pathways: Purchase of green power expected to takeoff in Shandong as provincial government cracks down on ‘two high’ projects

Two high industries are pressured to reduce their emissions As China’s 3rd economy with a high share of the country’s industrial production, Shandong province accounted for more than 58 % of the total cumulative transaction amount of carbon emissions allowances in China up to the end of 2021. The recent “Measures for Alternative Carbon Emission …

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Quzhou, Zhejiang to subsidize distributed solar projects grid connected this year

The People’s Government of Kecheng District, Quzhou City issued a notice on promoting innovation and accelerating high-quality economic development. The notice mentions that subsidies will be distributed to rooftop and building integrated solar projects: For solar projects built on the roofs of industrial and commercial buildings and public buildings, the subsidy standard is 0.4 CNY …

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