China launches its first central government backed green electricity trading platforms
China launched its first cross-provincial and intra-provincial direct trading pilot platforms endorsed and promoted by the National Development and Reform Commission (NDRC) and the National Energy Administration (NEA), as well as its major grid operators. The platform will welcome medium and long-term trading of mainly wind and solar electricity and will enable companies to buy electricity directly from power generators instead of relying on grid operators. As the traded price is currently higher than the coal benchmark, the premium is distributed differently depending on the type of contract. It is still unclear how the green electricity market will interact with RPS or green certificate mechanisms. For more details on the green electricity trading platform, see our LinkedIn post.
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