Business · Energy & Commodities · 13 hrs ago
Ningxia Completes First Hourly Green Electricity Settlement
Ningxia completed its first hourly green electricity settlement on November 2, moving from monthly accounting to tracking power use and supply by the hour.
The deal was between Qingtongxia Aluminum and a solar station in Wuzhong, with 39 million kilowatt-hours of green electricity traded.
Wind and solar output changes with weather and sunlight, while industrial electricity use varies through the day.
Hourly accounting matches power use with renewable generation more closely and makes each stage of production, trading and settlement traceable.
This can provide more reliable data for exporters’ carbon checks and help match electricity supply with demand.
Ningxia says it will improve the trading system and platform to support the use of renewable power and the region’s shift to lower-carbon industry.
Ningxia has completed its first settlement for an intra-provincial hourly green electricity transaction.
The settlement shifts green electricity accounting from monthly totals to hourly calculations.
The transaction was between Qingtongxia Aluminum Co. and Wuzhong No. 62 photovoltaic power station, for 39 million kilowatt-hours.
Hourly accounting makes it possible to match users’ electricity use with renewable generation hour by hour.
The system is intended to support emissions checks for export businesses and improve the matching of electricity supply and demand.
- Who
- Qingtongxia Aluminum Co. and Wuzhong No. 62 photovoltaic power station.
- What
- They completed Ningxia’s first settlement for an intra-provincial hourly green electricity transaction, involving 39 million kilowatt-hours.
- When
- November 2, 2026.
- Where
- Ningxia, China.
- Why
- Hourly accounting can better match renewable generation with users’ electricity use and provide data for emissions checks.
This story does not have two clearly opposing sides.
Ningxia issued an implementation plan for hourly green electricity trading and worked on supporting rules and trading platforms.
Ningxia completed settlement for its first intra-provincial hourly green electricity transaction.
- Transaction volume
- 39 million kilowatt-hours
- Buyer
- Qingtongxia Aluminum Co.
- Power station
- Wuzhong No. 62 photovoltaic power station
- Accounting change
- Monthly totals to hourly calculations