China Carbon Credit Platform

Increase the "green" content of electricity transactions

SourceCenewsComCn
Release Time4 months ago

The National Development and Reform Commission and the National Energy Administration recently officially issued the "Basic Rules for Medium-and Long-term Electricity Trading-Special Chapter on Green Power Trading", which clarified the definition, scope and price mechanism of green power trading, and established unified green power trading rules at the national level. The promulgation of the "Special Chapter" marks an important step for my country in promoting the market system and long-term mechanism for green energy production and consumption.

Green electricity trading means that electricity companies directly connect with photovoltaic, wind power and other power generation companies, purchase green electricity and obtain corresponding green electricity consumption certification ("green certificate"). As a market-oriented trading method for green power products, green power trading can comprehensively reflect the electrical energy value and environmental value of green power, achieving a high degree of unity of economic, social and environmental benefits. From the perspective of innovation and green development concepts, green electricity trading reflects the externalities of renewable energy within the energy industry, objectively promotes technological innovation in the energy and power industry, and helps accelerate the improvement of "green" content in economic development., while helping to achieve the "double carbon" goal, it also provides sustained impetus for the development of new quality productivity.

my country's green electricity trading market is developing rapidly. According to statistics, the trading volume of green power and green certificates in the first five months of this year has exceeded 180 billion kilowatt hours, a year-on-year increase of approximately 327%. Among them, green electricity traded reached 148.1 billion kilowatt-hours, and green certificates traded 39.07 million, corresponding to 39.07 billion kilowatt-hours of electricity. Companies participating in green power transactions not only achieve their own green transformation, but also promote the development of new productivity. In the future, as the market scale further increases, green electricity trading will still have to solve problems such as inactive green electricity consumption, difficulty in consumption, poor coordination in the "electricity-carbon" market, and low international mutual recognition of green certificates.

In terms of optimization and reform of systems and mechanisms, it is necessary to improve the incentive mechanism for green electricity consumption market. It is necessary not only to provide policies to increase green electricity consumption, such as providing tax incentives and financial subsidies to enterprises or individuals participating in green electricity transactions, but also to promote publicity and education to enhance public awareness and acceptance of green electricity and stimulate market demand. Formulate clear cross-provincial green power trading rules and regulatory measures, including transaction declaration, settlement, default penalty and other processes, improve the fairness and transparency of transactions, and ensure the circulation and consumption of green power nationwide. Build a dual-track green electricity trading market system, rely on the renewable energy quota system (RPS) to establish a mandatory trading market to ensure the proportion of green electricity supply, and at the same time open up a voluntary trading market to explore the establishment of diversified trading products and flexible trading methods, such as green Electricity futures, options and other derivatives to meet the different risk preferences and investment needs of market participants.

In terms of technological innovation and standard setting, we will strengthen the research and development and promotion of green power technology. By establishing special scientific research funds, we will clarify the fund application, use and evaluation procedures, and encourage scientific research institutions and enterprises to invest in green power production technology, power storage technology, and power dispatch technology. Research and development work in other aspects. Establish a dynamic electricity emission factor database, update data in real time based on technological progress and energy structure adjustment, and provide detailed emission factor calculation methods and formulas to accurately reflect the actual impact of green electricity trading on carbon emissions. Actively connect with international green certificate issuers, seek mutual recognition mechanisms, facilitate the circulation and exchange of domestic and foreign green certificates, improve the international recognition of my country's green certificates, and enhance the international competitiveness of green power transactions.

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