What will China Southern power grid expect in 2022?

China Southern Power Grid expects cumulative market-based electricity trades in the southern power market to reach 1.11 trillion kWh in 2022, close to the total electricity consumption of the three provinces of Guangdong, Yunnan and Guizhou in 2021.

Does China's Southern Power Grid have a digital power network?

"China Southern Power Grid also has two major pilot projects on power trading in Guangdong and Yunnan provinces, which provide both challenges and opportunities for the country's in-depth digitalization of its power networks," he added.

Does China have a power grid?

China has two major national power generation and transmission utilities -- State Grid Corp of China and China Southern Power Grid. State Grid covers about 26 provinces in eastern, central and northern regions, while the latter covers five provinces in southern China.

What's behind China's record-breaking electricity consumption?

A heatwave and brisk economic activities have combined to set off record-breaking electricity consumption in southern Chinese provinces, prompting the state-owned power grid operator to ration power to factories and commercial services providers.

What is southern power grid's target for Guangdong?

Southern Power Grid has planned to step up the dispatch of surplus electricity – mostly from hydro and renewable sources – to Guangdong from Guizhou and Yunnan. The target is a 40 per cent increase for the 2021-25 period from the preceding five years. In Guangdong, rationing has been tightened to conserve supply.

What happened to China's power grid?

China Southern Power Grid, one of the country's two grid operators, saw output hit 222 million kilowatts (kW), approaching historical highs. China was hit by a record-breaking heat wave and drought last year, with large-scale power shortages that prompted regions like Yunan to ration power usage for aluminium producers.