Analysis of Global Power Market slide image

Analysis of Global Power Market

Analysis of China's Power Operation Market Policies and Regulation (3/5) Key Policies and Regulations of Power Operation Market in China Issuing Time Issuing Authorities Industry Guideline 2016.12.26 NDRC, NEA 2016.12.10 NDRC Plans for Energy Development During 'the 13th Five-Year Plan' Period 《能源发展“十三五”规划》 Plans for Renewable Energy Development During the 13th Five-Year Plan' Period 《可再生能源发展“十三五”规划》 Key Contents Major goals to be achieved by 2020 for energy development are depicted as below: ➤ Total energy consumption shall be no more than 5 billion tons of standard coal equivalent, consumption of coal shall be no more than 4.1 billion tons, and electricity consumption by the whole society is expected to be 6.8 to 7.2 trillion kwh; ➤ Self-sufficiency rate of energy supply shall be kept above 80%; ➤ Non-fossil energy consumption shall be raised to above 15% of total energy consumption, and the proportion of coal consumption shall be below 58%; ➤ Emission of CO2 per unit of GDP shall be 18% less than that in 2015. NDRC specifies several major goals regarding energy, renewable energy and hydropower energy development as the following: ➤ Non-fossil energy consumption in percentage of primary energy consumption shall reach 15% and 20% by 2020 and 2030 respectively; ➤ Annual renewable energy consumption shall reach 730 million tons of standard coal equivalent by 2020; ➤ Total installed capacity of power plant using renewable energy shall reach 680 GW, and the power generation shall reach 1.9 trillion kwh, accounting for 27% of the total power generation by 2020; ➤ Installed capacity of hydropower plant shall reach 340 GW, with power generation reaching 1.3 trillion kwh by 2020; ➤ Constructions of six hydropower bases (including upstream of Yangtse River, upstream of Yellow River, Wu River, NanPan River, Yalong River and Dadu River)shall be almost completed by 2020, with total installed capacity exceeding 100 GW. During 13th FYP, newly-built hydropower plant capacity shall be 60 GW, and newly-operating hydropower plant capacity shall be 40 GW. Source: NPC, NDRC, NEA, Frost & Sullivan FROST SULLIVAN 65
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