2019-11-25 12:55:00
CHINA'S RENEWABLE CONSUMPTION UP
REUTERS - NOVEMBER 25, 2019 - China plans to make power purchasers take fair returns into account when buying electricity from renewable power generators, according to a draft rule issued by the National Energy Administration on Monday aimed at improving their revenues.
The draft rule will apply to non-hydropower resources, including wind, solar, biomass, geothermal and ocean power, the energy body said in a statement.
Despite rapid expansion and a drastic fall in the cost of producing power, renewable firms are still struggling to produce power as cheaply as coal-fired plants.
China said last week it will cut its renewable power subsidy by 30% to 5.67 billion yuan ($800 million) in 2020, and plans to stop funding large solar power stations and onshore wind farms in the coming two years, partly due to a payment backlog.
China, the world's largest energy consumer, has been boosting consumption of clean energy by forcing grid firms to prioritize renewable power resources and to maximize purchases from local renewable power providers.
In future, local energy administrations would also need to take into account "fair returns" for renewable power producers, the National Energy Administration said in the draft rule. It did not give further details.
The administration said it also plans to look at tightening supervision of grid firms, electricity trading firms and renewable power generators, in a bid to ensure electricity is bought from renewable sources.
In the first 10 months of this year, China generated 38.62 billion kilowatt-hours (kWh) electricity from solar and wind resources, accounting for 6.6% of total power generation, official data showed.
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Earlier:
2019, November, 20, 11:55:00
CHINA'S ENERGY INTERCONNECTION: $18.7 TLN
by 2050 the total investment of AEI is 18.7 trillion U.S. dollars, including 14.3 trillion U.S. dollars in power source, and 4.4 trillion U.S. dollars in power grids, creating about 150 million jobs.
2019, November, 20, 11:10:00
CHINA'S COAL CAPACITY UP
China also has another 121.3 GW of coal-fired power plants under construction, U.S.-based research network Global Energy Monitor said in its report, nearly enough to power the whole of France.
2019, November, 20, 11:05:00
CHINA'S COAL PRODUCTION +4.5%
China produced 3.06 billion tonnes of raw coal during the January-October period, up 4.5 percent year on year
2019, November, 20, 11:00:00
CHINA'S NUCLEAR INVESTMENT $5.64 BLN
The total investment for the two new units will reach 39.45 billion yuan ($5.64 billion), and they are scheduled to go into operation in 2025 and 2026.
2019, November, 15, 14:10:00
CHINA'S OIL THROUGHPUT UP TO 13.68 MBD
Crude oil throughput at China's domestic refineries jumped 9.2% year on year in October, to breach the 13 million b/d mark for the second time ever, at 13.68 million b/d,
2019, November, 15, 13:55:00
CHINA NEED COAL
BP's Energy Outlook estimates coal's share of China's energy mix to fall to 35% in 2040 from 60% in 2017, but for the country to remain the world's largest consumer of coal and account for 39% of global coal demand in 2040.
2019, November, 6, 12:45:00
CHINA'S NUCLEAR UP 23%
China’s nuclear power sector was responsible for 4.8% of China’s total electricity supply over the period, up from 4.1% in the same period of last year.
