China Plans to Boost Power Trade to 70% of Total Consumption

China plans to raise the share of electricity trade to 70% of the nation’s total consumption, according to a Wednesday statement detailing the government strategy for a 2030 unified power market.

The world’s biggest energy consumer, which uses more than double the power of the US each year, aims to expand regional spot power trade to overcome the transmission bottlenecks hampering renewable penetration, the State Council said in the document.