The National Development and Reform Commission further improves the time-of-use electricity price mechanism

On July 26, the National Development and Reform Commission issued the "Notice on Further Improving the Time-of-Use Electricity Price Mechanism" to deploy localities to further improve the time-of-use electricity price mechanism. The "Notice" requires that localities actively improve the peak-to-valley price mechanism based on local conditions, take overall consideration of local power supply and demand conditions, the proportion of new energy installed capacity and other factors, scientifically divide peak and valley periods, and reasonably determine the peak-to-valley price difference. The system peak-valley rate exceeds In 40% of the places, the peak-to-valley price difference is not less than 4:1 in principle, and in other places it is not less than 3:1. The "Notice" clarified that all localities should implement a peak electricity price mechanism based on peak and valley electricity prices. The peak period is reasonably determined based on the maximum load of the system. In principle, the peak electricity price rises above the peak electricity price by no less than 20%. Can refer to the peak electricity price mechanism to establish a deep valley electricity price mechanism