What will China Southern power grid expect in 2022?

China Southern Power Grid expects cumulative market-based electricity trades in the southern power market to reach 1.11 trillion kWh in 2022, close to the total electricity consumption of the three provinces of Guangdong, Yunnan and Guizhou in 2021.

Does China have a power grid?

China has two major national power generation and transmission utilities -- State Grid Corp of China and China Southern Power Grid. State Grid covers about 26 provinces in eastern, central and northern regions, while the latter covers five provinces in southern China.

How many kilowatt-hours does China Southern power grid use?

China Southern Power Grid said the five regions that it covers have consumed 540 billion kilowatt-hours of clean energy during the first nine months, with the renewable energy generation efficiency reaching 99.81 percent, up 0.22 percent year-on-year. Newly added installation of new energy reached 3.31 million kWs.

Can China decarbonize the southern power grid by 2060?

Decarbonization of the Southern Power Grid in China is feasible by 2060 but requires converting a large cropland area to support solar and wind energy; expansion of hydropower will impact the transboundary rivers according to a power system optimization model set up for 2020–2060.

How much will China Southern power grid invest?

[Photo/Xinhua] China Southern Power Grid, one of the country's two major power grids, vowed to invest 670 billion yuan ($105 billion) recently in grid network construction during the 14th Five-Year Plan period (2021-25) to ensure power supply stability and boost green power consumption.

When did China's Southern regional power market start?

China's southern regional power market started trial operations in the week of July 18. Grid operator China Southern Power Grid said on its social media platform that the launch marked the first implementation of the national power market system in the southern provinces.