On May 15, the Capital Power Exchange Center released statistics showing that Beijing's direct market-based green electricity trading volume hit 18.8 billion kWh from January to April this year, up 82.54% year-on-year, cutting carbon dioxide emissions by around 15 million tons in total. Statistics show that green electricity accounted for 63.63% of the total direct market power transactions in the first four months, exceeding thermal power trading volume for the first time.

Since the beginning of this year, the Capital Power Exchange Center has kept optimizing the green electricity trading mechanism, expanding the number of green power consumers, improving the flexibility of green power transactions, continuously expanding market-based green power supply channels and upgrading the green power supply mix. Cross-provincial and cross-regional market-based green power transactions make up approximately 99.97% of all green electricity trades, absorbing wind and photovoltaic power generated in Northwest, North and Northeast China, covering 14 provinces and autonomous regions including Xinjiang, Xizang, Shanxi and Jilin.

"This March, we realized market-oriented green power transmission to Beijing from four cities in Hebei Province for the first time: Shijiazhuang, Baoding, Hengshui and Cangzhou," said Wang Li, Deputy General Manager of the Capital Power Exchange Center.

This cross-regional green electricity transaction was jointly completed by Beijing Power Exchange Center, Capital Power Exchange Center and Hebei Power Exchange Center. Green power produced by 19 new energy enterprises in Shijiazhuang, Baoding, Hengshui and Cangzhou of Hebei was supplied to Beijing for the first time, with a total supply of 19.19 million kWh generated by photovoltaic and wind power. A total of 17 power consumers in Beijing purchased the green electricity, covering key sectors such as urban public transport, static traffic, high-end manufacturing, pharmaceutical manufacturing and ecological scenic area operation. This trading model precisely matches high-quality new energy resources in southern Hebei with Beijing's demand for clean energy consumption. It has accumulated valuable experience for the integrated development of source-grid-load-storage systems and market-oriented allocation of green electricity in the Beijing-Tianjin-Hebei region, and also provided a practical example for the development of a unified national power market.

Tao Jin, Head of the Health, Safety and Environment Department of Bluestar (Beijing) Chemical Machinery Co., Ltd., stated: "As a high-end chemical equipment manufacturer, our company took an active part in this cross-regional green electricity transaction and purchased green power from Hebei. This is not only a concrete measure to implement the national Dual Carbon strategy and promote green manufacturing, but also an important practice to advance the low-carbon transformation of energy consumption in production. The adoption of clean energy effectively reduces carbon emissions in production processes, laying a solid foundation for the enterprise to build a green factory and boost its competitiveness in green and low-carbon development."

Green electricity transactions can not only effectively cut fossil energy consumption and pollutant emissions, but also bring both ecological and social benefits, driving the coordinated development of clean energy, rural revitalization and local economy. "From an economic perspective, this transaction expands power consumption channels for new energy enterprises in Hebei and lifts their profitability, while providing stable and clean power supply for Beijing's power users and lowering their costs for green transformation, realizing complementary resources and a win-win situation for both regions," Wang Li introduced.

Expanding green power consumption is a crucial measure to advance the green and low-carbon energy transition, achieve the Dual Carbon goals and support high-quality green economic growth. Relying on the construction of a unified national power market, the Capital Power Exchange Center is carrying out high-proportion medium and long-term power contract signing, continuously expanding channels for green power delivery to Beijing and scaling up green electricity transactions, boosting Beijing's clean, low-carbon and high-quality development through market-based means. Power trading institutions of Beijing, Tianjin and Hebei are further deepening coordinated cooperation in the power market, optimizing green electricity trading procedures, expanding transaction volume and coverage, bringing more Hebei green power to Beijing, supporting Beijing to build a green and low-carbon city, and making greater contributions to the coordinated development of the Beijing-Tianjin-Hebei region and the construction of a new national power system.

(Source: China Energy Network)