Guangdong to increase peak/valley electricity price gap

Guangdong to increase peak/valley electricity price gap

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The Guangdong Development and Reform Commission issued a notice on improving time-of-use electricity pricing in the province.

The notice notably increases the peak-to-valley power price gap ratio from the current 1.65:1:0.5 to 1.7:1:0.38 (see graph below, source BJX). The critical peak electricity price will be 25% higher than the peak price, meaning that the maximum peak-to-valley price difference will reach 1.1735 CNY/kWh. Peak hours are from 10am to 12pm and from 2pm to 7pm, while the valley period is from 12am to 8am.

(Guangdong DRC)