Modernising Agreements and Transition to Renewables
China is targeting peak emissions by 2030
Aluminium: 6% capacity start
curtailment since September
Steel: 40% production affected
Aluminium: 14% capacity instructed
to close due to energy controls
Electricity: power tariff for aluminium
smelters and coking plants to increase by
RMB 300/MWh to RMB 611/MWh
Aluminium: 4% curtailed since Feb
Steel: 60% production affected
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Aluminium: 22% instructed to close
due to energy controls
Steel: 10% production affected
Electricity: new aluminium smelter
tariff rumoured to rise 50% from RMB
250/MWh to RMB 375/MWh
Aluminium: 57% capacity closed or
idled
Steel: 50% production affected
Aluminium: 44% capacity closed and idled
1
Steel: 10% production affected
China power cuts and energy control policy notifications by region (at 15 October 2021)
1 Level I Alert (9 provinces)
2 Level II Alert (10 provinces) 3 Level III Alert (10 provinces)
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3
3
2
2
Aluminium: 27% capacity at risk
Steel: 10% production affected
Aluminium: smelting less impacted
due to captive power plants;
downstream cable capacity 10%
curtailed
Steel: 30% production affected
1
1
Aluminium: small-sized downstream
facilities closed till Sep end
Steel: 30% capacity affected
Electricity: peak time prolonged to 7
hours per day and tariff for peak hours
in summer lifted by 25% vs. original
tariff
Aluminium: downstream facilities
open only 2 days per week
Steel: 20% production affected
Electricity: initiate floating price of power
by introducing an escalator of RMB 15/MWh
for every RMB 50/t increase in coal price
Steel: 10% production affected
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