In 2024, the China Power Market is navigating significant reforms aimed at balancing energy security with ambitious carbon reduction goals. Key developments include expanding the carbon trading system, promoting renewable energy through green power purchase agreements, and modernising the grid to better integrate renewables. This year has seen accelerated growth in solar, wind, and hydrogen sectors, though coal remains essential for energy security, especially during peak demand. For foreign-invested enterprises, increasing access to green power options and improved regulatory transparency provide new opportunities to align operations with global sustainability standards, despite ongoing regional and regulatory complexities.

On 4^th December, the Energy Working Group is pleased to invite David Fishman from the Lantau Group to provide an in-depth briefing on recent developments in China’s power market. This session will cover updates on wind and solar capacity additions, recent fluctuations in coal prices and production, and a snapshot of average monthly power prices across key coastal provinces. David will also offer a forecast of power tariffs for the next four quarters, highlight key changes in retail contract quotes, and explore new opportunities for multi-year power contracts. Additionally, he will review recently-signed power purchase agreements (PPAs) in Jiangsu, the latest advancements in the Renewable Energy Certificates (RECs) market, and recent updates to the 2025 cross-provincial trading plan and green power trading rules, as well as developments in China's Emissions Trading Scheme. With these insights, we hope to provide a clearer picture of emerging opportunities and challenges within China’s evolving power sector.

Agenda:

13:30-14:00 Registration

14:00-14:10 Welcome Remarks by Clement Lix, National Vice Chair of the Energy Working Group

14:10-15:00 Keynote Speech: China Power Market Update: Trends in Renewable Capacity, Pricing, and Green Power Trading by David Fishman from the Lantau Group

15:00-15:30 Q&A and Closing Remarks 

 *Please note that we will prioritise questions onsite during the Q&A session.

We are looking forward to your participation!

Speakers

Mr. David Fishman

Senior Manager, The Lantau Group

Mr. David Fishman

Senior Manager, The Lantau Group

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David Fishman is a senior manager at The Lantau Group, an economic consultancy with a specialisation in energy and gas across the APAC region. At The Lantau Group, David’s areas of expertise revolve around the Chinese power sector, with particular focus on coal, wind, solar, nuclear, grid, and the development of power markets. His project work includes regulatory and intelligence for power generators and large power customers, commercial transaction advisory for project investors and lenders, power tariff and curtailment forecasting, decarbonisation planning for multinationals with China exposure in their supply chain, and other matchmaking support for foreign firms seeking to do business with Chinese state-owned enterprises (SOES). Prior to joining TLG, David was a Managing co-director and shareholder of the nuclear energy-focused consultancy Nicobar Group in Shanghai. He holds a joint MA from Johns Hopkins University School of Advanced International Studies and Nanjing University in the field of International Relations and Energy Policy. He is a native English speaker and fluent in Mandarin.

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