GEC Price Surge: Signalling Renewable Energy Adoption
According to a commentary published on @Dialogue Earth, the price of Green Electricity Certificates (GECs) have risen from as low as CNY 0.15 in 2024 to more than CNY 2.3 in April 2025 with a month-on-month increase of 63%. What are the factors driving this increase? Factors Impacting GEC Price The rise in the price […]
Set for Growth: China’s GEC Market
Since the introduction of the Green Electricity Certificate (GEC) system, the GEC market has developed rapidly in China. In the Yangtze River Delta Ecological Green Integrated Development Demonstration Zone, Jiashan County Tianning Urban Infrastructure Development and Construction Co., Ltd. introduced a GEC trading mechanism to account for renewable energy consumption. The company will purchase more […]
Alignment of GEC with International Standards: Implications and Outlook
In May 2025, RE100 announced that China’s Green Electricity Certificate (GEC) aligns with international standards. This article analyses the implications and outlook for the GEC. Background Early international skepticism and barrier In 2020, RE100 issued a technical assessment report, requiring China’s GECs to additionally prove environmental attributes and resolve the issue of double counting with […]
Trends Shaping China’s Renewable Energy Landscape
Experiencing rapid growth over the past decade, the renewable energy industry in China has become key engine of the country’s economy. With the development of the Green Electricity Certificate (GEC), China’s energy landscape has been given another boost. This article highlights six trends that are shaping the renewables landscape in China. 1. Wind Power […]
RE100: China’s GEC Aligns with International Standards
RE100 – the global corporate renewable energy initiative that brings together businesses committed to using 100% renewable electricity – has announced that China’s Green Electricity Certificates (GECs) are aligned with international standards. The GEC is China’s version of a Renewable Energy Certificate (REC). Each REC (and GEC) can be used as proof of production and […]
China’s First Green Electricity Certificate Price Index Product
In March 2025, Zhejiang International Oil and Gas Trading Centre Co., Ltd. (or Zhejiang Oil Centre) and State Grid Zhejiang Comprehensive Energy Service Co., Ltd. jointly released the first China Green Electricity Certificate (GEC) Price Index product in Zhejiang Province – China Green Power Certificate Seller Quotation. The two parties aim to guide market players […]
Summary of “Opinions on Promoting the High-quality Development of the Green Electricity Certificate Market”
The Chinese government recently issued a document titled “Opinions on Promoting the High-quality Development of the Renewable Energy Green Electricity Certificate Market” and held a press conference to answer clarifications. Here is a summary of the press conference. What is the background and significance of the issuance of the Opinions? In order to build a […]
China Issues Paper to Enhance Green Electricity Certificate (GEC)
On 18th March 2025, the Chinese government issued the “Opinions on Promoting the High-quality Development of the Renewable Energy Green Electricity Certificate Market”. The document put forward the goals for the establishment of the Green Electricity Certificate market, and steps to accelerate the establishment of a green energy consumption promotion mechanism. The document also provided […]
China Issues Updated Guidance on GEC and Carbon Markets
China’s National Energy Administration issued a Guidance to strengthen the coordinated promotion of energy security and green and low-carbon transformation, as well as promote the upgrading of the energy ecosystem through systematic reform and technological innovation. Key points of the Guidance Green Electricity Certificates (GECs) to be market drivers instead of policy tools The GEC […]
Green Electricity Certificates (GEC) Market News for March 2025
Qingdao Chengtou to Supply GECs to China Resources Group Qingdao Chengtou New Energy Group has announced that it successfully won a bid to sell 74,565 Green Electricity Certificates (GECs) to the China Resources Group. The GECs were delivered on 13 March 2025. This transaction is the first market-oriented GEC sale the company, marking an important […]
