China Ends Day-Night Power Pricing for Green Energy
China is phasing out its decades-old electricity pricing system that charged higher rates during the day and lower rates at night. The shift is driven by the increasing share of solar and wind power in the energy mix, which makes the old time-of-use model less effective. The new policy aims to better align pricing with renewable generation patterns.
Key facts
- China is phasing out its old electricity pricing system.
- The old system charged higher prices during the day and lower prices at night.
- The change is driven by the rise of solar and wind power.
- The old system had been in place for decades.
- The new pricing aims to support green energy transition.
Entities
Locations
- China