Henan DRC has released the ‘Notice on the Improvement of Electricity Time of Use (ToU) Mechanism’《关于进一步完善分时电价机制有关事项的通知》. The policy states that ToU electricity prices will be applied to both the purchase price in the market as well as the grid’s average retail price. The latter applies to power users that have yet to participate directly in power market trading. The policy also introduced a seasonal pricing mechanism – in January, July, August and December, power prices will be higher than other months.
The electricity price during peak and valley periods will increase 71% and decrease 53%, respectively, compared to shoulder electricity prices. Furthermore, a 20% mark-up on top of the peak hour price will be implemented for critical peak hours during these months.
