China's new green-power guidelines to drive interprovincial trade

Rules aim to spur action by companies with modest electricity needs

A solar power station in Tongchuan, China: The Beijing Power Exchange Center has published new rules that it hopes will encourage trading in green energy across provincial lines. © Reuters

YOU XIAOYING and ZHAO XUAN, Caixin

August 21, 2023 08:25 JST

One of China's main power exchange centers has released new guidelines for green power trading in a move that aims to drive interprovincial transactions in renewable energy across most of the country.

The document, an update on last year's version, was released by the Beijing Power Exchange Center, a subsidiary of the State Grid, on Aug. 9 and reposted by the Chongqing Power Exchange Center on Aug. 12. One of the tasks at the Beijing center is to develop and operate a power market across different provinces and regional power grids.