Analysis of Global Power Market slide image

Analysis of Global Power Market

Analysis of China's Power Operation Market Merit Order of Electricity Intake ii In the PRC, the dispatch priority of power generation units is determined in the following sequence pursuant to regulations issued in 1993 and a provisional State Council measure issued in 2007: Merit Order of Electricity Intake, China non-adjustable power generation units utilising renewable sources, including wind, solar, marine energy and run-of-the- river hydro; adjustable power generation units utilising renewable sources, including adjustable hydro, biomass and geothermal energy, as well as waste incineration power generation units meeting certain environmental standards; nuclear power generation units; iv cogen units that meet certain heat to power ratio requirements; V gas-fired power generation units; vi vii coal-fired power generation units, including cogen units (other than those included in (iv) above); and oil-fired power generation units. Furthermore, particularly in southwest China, in order to deal with and better utilise the abundant hydropower capacity, central government inclusive of NDRC and NEA issued regulatory guidance (e.g. MŁ¤ALNA ), promoting the optimised allocation of hydropower resources and prioritising hydropower generation. For instance, regarding the cross-region power supply and power receiving, hydropower in southwest China shall enjoy certain level of priorities for power generation and transmission. Moreover, power grid constructions for hydropower transmission from southwest to the rest of China (e.g. Guangdong, Guangxi, Jiangxi) are encouraged and emphasised to ensure the unimpeded power transmission in future. Source: NDRC, NEA, Frost & Sullivan FROST & SULLIVAN 47
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