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'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.

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.

What is southern power grid's target for Guangdong?

Southern Power Grid has planned to step up the dispatch of surplus electricity – mostly from hydro and renewable sources – to Guangdong from Guizhou and Yunnan. The target is a 40 per cent increase for the 2021-25 period from the preceding five years. In Guangdong, rationing has been tightened to conserve supply.

Who is China Southern Power Grid co?

In accordance with a State Council rule on electric power system reform, China Southern Power Grid Co was officially launched and put into operation on Dec 29, 2002. It is a centrally-administered company, with the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) performing duties as its investor.

What will China's energy system look like in 2025?

According to the modern energy system plan, China's share of nonfossil energy consumption will increase to around 20 percent by 2025, and the proportion of non-fossil power generation will be around 39 percent by then. The country is also expected to develop high-quality solar and wind power on a large scale.