Mainland China

With a power score of 2.62, Mainland China ranks number 6 among Emerging markets and number 4 in the Asia-Pacific region.

Power score
2.62/5

Fundamentals3.45/5

Opportunities1.74/5

Experience1.82/5

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Ranking over time2.62/5

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Mainland China has a power score of 2.62, which puts it at rank 6 in the Emerging Markets power ranking. The power score of Mainland China is higher than the average of 2.17 in the Asia-Pacific region.

Regional comparison chart

In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.

Power

Power policy

Mainland China implements policies in 6/8 categories tracked by Climatescope; Renewable energy target, Auctions/tenders (utility-scale), Tax incentives, Renewables mandate/RPS/Supplier Obligation, REC'S - Renewable Energy Certificates, and Priority generation dispatch

Renewable energy target

Auctions/tenders (utility-scale)

Feed-in tariff/premium (utility-scale)

Support for customer-sited generation (rooftop and self-consumption)

Tax incentives

Renewables mandate/RPS/Supplier Obligation

REC'S - Renewable Energy Certificates

Priority generation dispatch

Power prices and costs

The average electricity price in Mainland China has decreased from ~$65/MWh in 2023 to ~$62/MWh in 2024. Since 2019, the average electricity price in Mainland China has fluctuated between ~$62/MWh in 2024 and ~$94/MWh in 2021.

Electricity prices in Mainland China (2019-2024)

Power market

The top amount of capacity installed in Mainland China in 2024 was in Coal at 1,194.98GW, up from 1,164.93GW in 2023.

Installed capacity (2019-2024)

Electricity generation (2019-2024)

The technology with the largest share of electricity generated in Mainland China in 2024 was Coal at 5,434.5TWh, up from 5,379.04TWh in 2023.

Investment in Mainland China (2019-2024)

Investment in clean energy in Mainland China was around $325.12Bn in 2024. This amounts to an increase of around 17% from $277.14Bn in 2023.

Utility privatisation

Which segments of the power sector are open to private participation?

generation

transmission

retail

Doing business and barriers

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

Currency of Corporate PPAs

Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

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?

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