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In January, China’s National Development and Reform Commission (NDRC), in collaboration with the National Energy Administration (NEA), the Ministry of Industry and Information Technology (MIIT), and the State Administration for Market Regulation (SAMR), released implementation guidelines to enhance the integration of New Energy Vehicles (NEVs) into the power grid. This policy aims to establish a bidirectional vehicle-to-grid (V2G) system based on charging and swapping facilities, utilising the flexibility of EV batteries as controllable loads or mobile storage.

Data released by China’s National Energy Administration (NEA) on January 26 showed that the country’s solar power generation capacity grew by a staggering 55.2% in 2023. The numbers highlight that over 216 GW of solar power have been added during 2023, which equals 14% of the world’s total installed solar PV capacity.

On 8 November 2023, China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) issued a policy on establishing a coal power capacity pricing mechanism. The policy proposes adjusting the current single pricing of coal-fired power to a two-part pricing system, comprising capacity pricing and electricity pricing.