Asia-Pacific
With a power score of 2.6, Mainland China ranks number 3 among Emerging Markets and number 3 in the Asia-Pacific region
Power score
2.6/5
Score over time
2021 - 2024
Mainland China has a power score of 2.60, which puts it at rank 3 in the Emerging Markets power ranking. In comparison to 2023, Mainland China has dropped in the power rankings by 1 place, from rank 2, to rank 3.
At 2.60, the power score of Mainland China is better than than the regional average of 1.94 in the Asia-Pacific region and puts it at rank 3 in the region.
Mainland China implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, Priority grid access, Renewables mandate, and Renewable Energy Certificates.
The average electricity price in Mainland China has dropped from 90.70 USD/MWh in 2022 to 64.37 USD/MWh in 2023. Since 2017, the average electricity price in Mainland China has fluctuated between 64.37 USD/MWh (2023) and 93.80 USD/MWh (2021).
The top amount of capacity installed in Mainland China in 2023 was in Coal at 40.08%, down from 44.74% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 14.77%, up from 11.05% in 2022.
The top amount of electricity generated in Mainland China in 2023 was in Coal at 59.68%, down from 60.42% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 6.46%, up from 5.08% in 2022.
Investment in clean energy in Mainland China was around $208,193.34 million in 2023, a decrease of 26.6% from 2022 ($283,628.12 million). Between 2018 and 2023, the highest investment in clean energy was in 2022 at $283,628.12 million, while the lowest was in 2018 with $93,122.80 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.