Electricity trading between Shanghai and surrounding provinces now allows for transactions involving more types of power resources, including new energy, helping to ensure a secure and stable electricity supply during the peak summer season, according to the National Energy Administration (NEA) of China on Monday.
Liu Gang, deputy director of the NEA's Market Supervision Department, explained that summertime sees a significant increase in electricity demand in the Yangtze River Delta, encompassing Shanghai and the provinces of Jiangsu, Zhejiang and Anhui.
To more accurately regulate peak and off-peak electricity consumption, starting from Monday, the region has included new energy in its power trading platform.
"We should establish a mutual-aid mechanism for power coordination among provinces and cities in the Yangtze River Delta region, fully tapping into the resources of power generation and consumption through market-oriented approaches. Currently, there are nearly 20 million kilowatts of user-side resources available in the three provinces and one municipality. If all these resources are integrated into the inter-provincial power sharing platform, it can effectively compensate for the peak electricity demand during the summer, providing strong power security for the high-quality integrated development of the Yangtze River Delta," Liu said.
The Yangtze River Delta is one of China's most economically vibrant regions. It accounted for nearly a quarter of the country's gross domestic product in 2023, despite occupying just 4 percent of the total land area.
Electricity market transactions in Yangtze River Delta add new energy power resources
