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Policy & Regulation

Pressures mount for China’s top gas power markets

China’s biggest markets for gas-fired power are coming under increasing pressure from higher fuel prices and lower rates for electricity output China’s biggest markets for gas-fired power are coming under increasing pressure from higher fuel prices and lower rates for electricity output.
By Tang Tian 10 December 2018 Asia Pacific / Policy & Regulation 0 33612
A gas power plant in Guangdong. (CNOOC)

Operators in China’s three biggest gas-fired power markets face a bleak outlook in the near term, as their businesses will become increasingly pinched by rising fuel costs and falling electricity prices.

Fuel price hikes and recent changes to on-grid pricing policies have dimmed the outlook for gas-fired power stations in Jiangsu and Zhejiang on the eastern seaboard and in Guangdong near Hong Kong in southern China. The three provinces together had an installed gas-fired power capacity of 41.4 GW at the end of 2017, representing more...