China Aims to Launch a Nationwide Power Market by 2025
- Renewable energy generators will be included by 2030
- Strategic investors to be allowed to trade for first time
Chang'an Avenue at night in Beijing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China aims to launch nationwide power trading by 2025, the state planning agency said Friday, as policy makers seek a unified solution to some of the problems that have bedeviled generators in recent years.
The new market will allow electricity to be traded in near real time and across provinces. It should mean that utilities won’t be forced to sell at a loss when dealing with the industrial and commercial users that account for about 70% of the nation’s power consumption.