Asia Pacific > China introduces capacity payments to power stations to boost thermal plant profitability

China introduces capacity payments to power stations to boost thermal plant profitability

Published 07:33 on November 13, 2023  /  Last updated at 09:32 on November 13, 2023  / /  Asia Pacific, China

China has introduced a capacity payment mechanism to improve the profitability of domestic thermal plants, a move the government claimed will support the country's low-carbon transition, though concerns have emerged as to whether the new policy will incentivise generators to build more coal.
China has introduced a capacity payment mechanism to improve the profitability of domestic thermal plants, a move the government claimed will support the country's low-carbon transition, though concerns have emerged as to whether the new policy will incentivise generators to build more coal.


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