Mainland China
With a power score of 2.64, Mainland China ranks number 2 among emerging markets and number 7 in the global power ranking.
- Emerging markets
- Asia-Pacific
2.64 / 5
Power score
+7 places
Global power rank change
Overview
Mainland China has a power score of 2.64, which puts it at rank 7 in the global power ranking, and rank 2 in the emerging markets power ranking. In comparison to 2021, Mainland China has improved in the power rankings by 5 places, from rank 12, to rank 7.
At 2.64, the power score of Mainland China is better than the regional average of 1.88 in the Asia-Pacific region.
Regional power score comparison
Power
Power policy
Mainland China implements policies in 3/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.
Power policies
Power prices and costs
The average electricity price in Mainland China has dropped from 93.8 USD/MWh in 2021 to 90.7 USD/MWh in 2022. Since 2017, the average electricity price in Mainland China has fluctuated between 83.24 USD/MWh (2020) and 93.8 USD/MWh (2021).
Power market
The top amount of capacity installed in Mainland China in 2022 was in Coal at 44.3%, down from 46.97% in 2021. The technology with the biggest increase in capacity installed in 2022 was Solar PV at 17.37%, up from 14.38 in 2021.
Installed capacity (in MW)
Electricity generation (in GWh)
The largest electricity generating technology in Mainland China in 2022 was Coal, generating some 58.6% of electricity, down from 58.75% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Solar PV at 4.98%, up from 4.11% in 2021.
Investment in clean energy in Mainland China was around $272273 million in 2022, an increase of 51.42% from 2021 ($179816.79 million). Between 2017 and 2022, the highest investment in clean energy was in 2022 at $272273 million, while the lowest was in 2018 with $94302.94 million.
Utility privatisation
Which segments of the power sector are open to private participation?
Type
Question
Availability
Wholesale power market
Does the country have a wholesale power market?
Doing business and barriers
Type
Question
Availability
Currency of PPAs
Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
Type
Question
Availability
Bilateral power contracts
Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
Type
Question
Availability
Fossil fuel price distortions - Subsidies
Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
Type
Question
Availability
Fossil fuel price distortions - Taxes and carbon prices
Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
Transport
Transport policy
Mainland China implements policies in 5/9 transport policy categories tracked by Climatescope, including Clean transport target, National ICE phase-out, EV purchase grant/loan incentive, EV VAT reduction/exemption, EV import tax reduction/exemption, EV income tax reduction/exemption, EV recurring tax reduction/exemption, EV charging infrastructure target, E-bus target.
Transport policies
Type
Question
Availability
Fuel economy standards
Does the country have a fuel economy standard in place?
