Recently, the Inner Mongolia Electric Power Trading Company and the Beijing Electric Power Trading Center Trading Division II successfully completed the Inner Mongolia Power Grid's first cross-provincial gas replacement transaction, with a transaction volume of 50.49 million kilowatts of electricity. This transaction innovation realizes the replacement of gas power generation by new energy green electricity across provinces. It is a new exploration of the cross-provincial and cross-regional electricity trading mechanism in Inner Mongolia. According to reports, the deal was carried out through bilateral negotiations. Relying on Inner Mongolia's advantage of being rich in new energy resources, local new energy power generation companies replace gas power plants in Beijing during periods of surplus electricity, complete the efficient replacement of clean green electricity for gas power generation on the premise of ensuring stable electricity consumption in the recipient regions, and effectively improve the region's clean energy utilization rate. In the next step, the Inner Mongolia Electric Power Trading Company will deepen business collaboration with the Beijing Electric Power Trading Center and the Guangzhou Electric Power Trading Center, make good use of transmission channels across provinces and regions, continue to innovate transaction forms, expand new energy delivery channels, promote the optimal allocation of green power resources on a large scale, and help build a unified electricity market throughout the country.” The relevant person in charge of the Inner Mongolia Electric Power Trading Company gave an introduction.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.