Recently, the Fujian Provincial Development and Reform Commission issued a notice on improving the time-of-use electricity price policy, which proposed that in order to better guide power users to cut peak and fill valley, the time-of-use electricity price should be formed through the market, and the peak-valley price difference should be further optimized. The electricity price policy will be implemented from January 1, 2024, with a validity period of 5 years.
Adjust the time period division and the fluctuation range of peak and valley. The peak time period of the whole province is from 10:00 to 12:00, from 15:00 to 20:00, and from 21:00 to 22:00; the valley time period is from 0:00 to 8:00; and the rest are normal time periods. The floating range in the peak period is 58%, and the floating range in the valley period is 63%.
Set up peak electricity price , from July to September, 11:00 to 12:00, 17:00 to 18:00 as the peak period, with a floating range of 80% .
Details are as follows:
Notice of Fujian Provincial Development and Reform Commission on Improving the Time-of-Use Electricity Price Policy (Min Fa Gai Gui [2023] No.8)
The Development and Reform Commission of each district and city and the Market Supervision Bureau of Pingtan Comprehensive Experimental Zone. State Grid Fujian Electric Power Co., Ltd.
In order to better guide power users to cut peak and fill valley, and serve the construction of new power system with new energy as the main body. In accordance with the spirit of the Notice of the National Development and Reform Commission on Further Perfecting the Time-of-Use Electricity Price Mechanism (FGJG [2021] No.1093) and the Notice of the National Development and Reform Commission on Further Deepening the Market-oriented Reform of the On-grid Electricity Price for Coal-fired Power Generation (FGJG [2021] No.1439), the time-of-use electricity price mechanism in our province is further improved. The notice on speeding up the formation of time-of-use electricity price in the market is as follows:
I. Time period division and peak-valley fluctuation range. The peak hours of the whole province are from 10:00 to 12:00, from 15:00 to 20:00, and from 21:00 to 22:00; the valley hours are from 0:00 to 8:00; and the rest are normal hours. The floating range in the peak period is 58%, and the floating range in the valley period is 63%.
2. Set up peak electricity price. From July to September, the peak period is from 11:00 to 12:00 and from 17:00 to 18:00, with a floating range of 80%.
3. Scope of implementation. Industrial and commercial users, except as otherwise provided by national policy.
Fourth, strengthen coordination with the market. We will deepen the construction of medium and long-term, spot and ancillary services markets for electricity, form time-of-use electricity prices through the market, and further optimize the peak-valley price differentials. When the spot electricity market is not in operation, if the electricity consumption curve is not declared in the market transaction contract and the peak-valley ratio of the market electricity price is lower than requirements of this Circular, the purchase price of electricity at the time of settlement shall be implemented in accordance with the peak-valley period and floating range stipulated in this Circular, and if there is any adjustment in the national policy, the provisions shall be followed.
5. Execution time. It will be implemented on January 1, 2024 and will be valid for 5 years. Relevant units
around the country should carefully organize and implement them, publicize and explain policies, strengthen positive guidance, respond to social concerns, and report problems encountered in implementation in a timely manner.
Fujian Provincial Development and Reform Commission
November 28
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