NEWS CENTER

Company News

Wire knowledge

Cable knowledge

Further intensify efforts to build the electricity ancillary services market!

Further intensify efforts to build the electricity ancillary services market!

As China’s new energy sector continues to grow rapidly on a large scale, the flexibility of power systems and the transformation of coal-fired power generation have become increasingly critical, making the development of ancillary services markets a topic of growing attention.

28

2023

/

02

Details on the Scale of National Electricity Market Transactions in 2022

Details on the Scale of National Electricity Market Transactions in 2022

On February 13, the National Energy Administration held its regular press conference in Beijing. Zhao Xueshun, Deputy Director of the Market Supervision Department of the NEA, provided an update on the scale of electricity market transactions across China. According to transaction settlement data, in 2022, the total volume of electricity traded in the national market reached 5.25 trillion kilowatt-hours, a year-on-year increase of 39%. This accounted for 60.8% of the nation's total electricity consumption, up 15.4 percentage points from the previous year. Notably, cross-provincial and cross-regional market-oriented electricity trading exceeded 1 trillion kilowatt-hours for the first time, growing nearly 50% year-on-year. As a result, the market's role in facilitating broader, more efficient allocation of power resources continued to strengthen. Meanwhile, the number of market participants registered with electricity trading institutions surpassed 600,000 for the first time, representing a 29% increase compared to the previous year. This surge has further invigorated market dynamics, laying a solid foundation for the continued growth of China's electricity market. Additionally, the average market transaction price for coal-fired power generation units nationwide reached 0.449 yuan per kilowatt-hour, approximately 18.3% higher than the national benchmark electricity price on average—effectively helping to ease the financial losses faced by coal-power enterprises.

28

2023

/

02

In January, Xinjiang delivered 10.84 billion kilowatt-hours of electricity to other regions, an increase of 17.8% year-on-year.

In January, Xinjiang delivered 10.84 billion kilowatt-hours of electricity to other regions, an increase of 17.8% year-on-year.

According to data from the Xinjiang Electricity Trading Center, in January of this year, Xinjiang transmitted 10.84 billion kilowatt-hours of electricity externally, representing a year-on-year increase of 17.8%. Among these exports, 2.616 billion kilowatt-hours came from new energy sources, accounting for 24.13% of the total external power transmission. This amount is equivalent to reducing standard coal consumption by 791,300 tons, while also cutting carbon dioxide emissions by 2.1366 million tons, sulfur dioxide by 6,700 tons, and nitrogen oxides by 5,900 tons—playing a significant role in advancing the energy transition and fostering low-carbon development.

28

2023

/

02

NKT, the global leader in submarine cables, will sign an agreement to assist Taiwan Province of China in establishing its first-ever submarine cable company.

NKT, the global leader in submarine cables, will sign an agreement to assist Taiwan Province of China in establishing its first-ever submarine cable company.

Marine cable giant NKT will sign a joint venture agreement with Taiwan-based cable company Walsin Lihwa to provide technical support for building Taiwan's first offshore cable factory. The factory will primarily produce high- and medium-voltage AC offshore power cables tailored for Taiwan’s growing offshore wind energy market, which is expected to expand rapidly over the next decade, driving the country’s green transformation.

28

2023

/

02

Nexans and Tredegar Join Forces to Reduce the Carbon Footprint of Power Cable Production

Nexans and Tredegar Join Forces to Reduce the Carbon Footprint of Power Cable Production

28

2023

/

02

Greek company HELLENIC Cable Supplies Inter-Array Cables for Two U.S. Offshore Wind Projects

Greek company HELLENIC Cable Supplies Inter-Array Cables for Two U.S. Offshore Wind Projects

Hellenic Cables has finalized individual contracts with Ørsted and Eversource for two offshore wind projects in the U.S. Under these agreements, Hellenic Cables will design, manufacture, test, and supply approximately 260 kilometers of 66 kV XLPE-insulated subsea array inter-cable lines along with related accessories for the South Fork Wind and Revolution Wind projects in the northeastern U.S. Deliveries will be phased, with production set to begin by 2024.

09

2022

/

06

< 1...46474849 >