NRDC and the China Institute for Studies in Energy Policy of Xiamen University (CISEP) held the 11th workshop on Low-Carbon Power Supply Guarantee on December 5. Experts from the State Grid and China Electricity Council joined the discussion, and around 4,000 viewers watched the livestream. 

NRDC and CISEP released the latest research findings on electricity pricing reform, which indicate that a 5-8% increase in end-user electricity prices will not have a negative impact on economic development, but will instead encourage investments in clean energy, energy storage, and related fields. Reforming electricity pricing can also help ensure sufficient energy supply and support a green transition, as energy-intensive industries will invest in energy efficiency and clean energy as a result of price signals. 

The experts emphasized that capacity and ancillary services play a crucial role in building the new power system. In the future, ancillary service types will become more diverse and refined, enabling different resources to realize their value through various market mechanisms. On the demand side, experts highlighted the necessity to adjust electricity consumption patterns by utilizing the difference in pricing for peak and valley electricity demand. Some commercial users are already developing distributed energy and energy storage solutions as a result of peak-valley electricity pricing. If peak-valley electricity pricing is promoted among residential users, household energy storage could also see increased adoption of smart demand appliances and energy storage. The report findings and expert discussion were covered by China Energy News,  Financial News, and China Industry News.