WeChat Southern Power Grid price increase

How much power does China Southern power grid need?

BEIJING, July 11 (Reuters) - China Southern Power Grid saw power demand soar to a record 226 gigawatts (GW) on Monday, according to a post on the grid company's official Weibo account on Tuesday.

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.

Does China's Southern Power Grid have a digital power network?

"China Southern Power Grid also has two major pilot projects on power trading in Guangdong and Yunnan provinces, which provide both challenges and opportunities for the country's in-depth digitalization of its power networks," he added.

Why is China's power grid creaking?

China ’s creaking grid represents a major constraint to progress on its green energy transition. During the first four months of this year alone, China invested Rmb122.9bn ($17bn) in its power grid projects, a 24.9 per cent year-on-year increase.

When will China's spot power market start trading?

The province's spot power market had earlier tested trading capability in various complex demand-supply scenarios, and for daily, weekly to monthly prices in August 2018, and began continuous operations in November 2021, China Southern Power Grid said.

How much power will Guangdong have this summer?

Demand on the Southern Grid, which serves five southern provinces including economic powerhouse Guangdong, is expected to peak at 245 GW this summer, a year-on-year increase of 10%, the grid company added. Electricity demand typically surges in the summer months as higher temperatures push up household use of air conditioning.