China Energy’s Green Power Trading Fuels Increase in New Energy Revenue

China Energy has vigorously carried out green electricity trading as a new energy industry driver in 2022. In the first half of the year, the company traded 2.04 billion kilowatt-hours of green electricity on the power generation side, registering an increase of 37 million yuan in revenue; it has also opened an International Renewable Energy Certificate (I-REC) account and sold 220,000 I-RECs and 40,000 domestic Renewable Energy Certificates, equivalent to 260 million kWh of electricity.

Green power trading is a new medium and long-term electricity trading approach, which takes renewable-energy-based electricity products as the subject matter and provides both power value and green power consumption certification. Since the beginning of this year, the two power exchange centers in Guangzhou and Beijing have successively rolled out green power trading rules, and their green power trading has grown continuously.

To develop a comparative advantage in green power, China Energy has actively participated in the formulation of green power trading rules. Its subsidiaries including Longyuan Power, Guohua Energy Investment, GD Power Development, and branches in Zhejiang, Jiangsu, Guangxi, and Shaanxi made full use of their own projects while strengthening regional marketing coordination. In partnership with electricity sales companies, they managed to increase green electricity sales and tap users’ green consumption demand while taking an active part in the trading of green power and renewable energy certificates. These efforts have delivered good economic and social benefits.