China to dismantle local power protectionism in push to electrify national grid
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China aims to unify its fragmented provincial electricity markets into a single national power market by 2035, according to new State Council guidelines. This initiative seeks to dismantle local protectionism and promote energy security and the integration of renewable energy sources like wind and solar. The plan involves establishing a nationwide spot market by 2030, where 70% of electricity will be market-traded, supported by standardized technical systems and market-based pricing. By 2035, the goal is a fully realized national market that optimizes energy resource allocation across provinces. This overhaul is considered crucial for achieving China's 2030 carbon-peak target by enhancing system flexibility and balancing power supply and demand.
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