The introduction of a spot market mechanism in China would allow for more efficient power plant dispatch based on actual cost of generation.
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The introduction of a spot market mechanism in China would allow for more efficient power plant dispatch based on actual cost of generation.
The Chinese wind turbine manufacturer Envision placed an investment in the German battery storage company Sonnen.
As set out in the 13th Five-Year-Plan for Energy of China, the government steps in and cancels the permitting as well as the construction process of coal-fired power plants across the country.
While the big step towards competition in China’s power market did not materialize yet, the big Chinese power generators have to accomodate sinking power generation.
China’s 13FYP increases targets for renewables while trying to address current problems of overcapacity in the power sector.
The Chinese renewable energy portfolio of 2015 has been published. Important transmission power line connects wind and load centers via Beijing.
State Grid forecasts 3.5 percent rise in national electricity consumption for 2016 to 5770 TWh compared to last year. Regionally unbalanced capacity additions are likely, while wind lags behind.
China’s coal production was down 10% until July 2016 year-on-year. The rate of the decline thus tripled compared to the one experienced in 2014 and 2015.