China will replace benchmark price with new “base price + 10% floating” mechanism for coal-fired plants

China will replace benchmark price with new “base price + 10% floating” mechanism for coal-fired plants

In order to deepen the deployment of the power system reform, and accelerate the reform in a way that promotes the establishment of a market-oriented electricity price determination mechanism, the old mechanism which relied on a fixed regional coal benchmark price, will be abolished.

China wind power generation increases by 265TWh between January and August 2019, a 10% YoY increase

China wind power generation increases by 265TWh between January and August 2019, a 10% YoY increase

By the end of August 2019, national power consumption totaled 4,742TWh, an increase of 4.4%.

SPIC 6GW non-subsidized onshore wind project starts construction

SPIC’s unsubsidized 6GW onshore wind project located in Ulanqab, West IMAR, has begun construction.