
Government aims to stabilize electricity tariffs and enhance energy security amid rising LNG prices
AI-generated summary
The city is pursuing a carbon neutrality goal by 2050. Natural gas currently provides over 50 per cent of the local electricity mix.
The binding goal aligns with existing climate protection strategies that target a zero-carbon energy share of between 60 and 70 per cent by 2035, as part of the city’s broader push towards carbon neutrality by 2050.
“With these efforts, we strive to strengthen energy security, lower energy generation costs and stabilise electricity tariffs to minimise the impacts of the war in the Middle East, which has driven up liquefied natural gas prices,” a government source said.
Natural gas currently accounts for most of Hong Kong’s electricity generation, making up more than 50 per cent of the fuel mix as of June this year, followed by coal at under 20 per cent, and nuclear and renewable energy at around 28 per cent.
On September 16, the Pinglu Canal was officially opened to navigation. China Southern Power Grid Guangxi Power Grid Company has completed the relocation of 360 kilometers of power lines and created smart operation and maintenance, multi-energy collaboration and virtual power plant scenarios to provide dual power supply for the canal hub and facilitate the construction of the new land-sea corridor in the west.
The cumulative liquid export volume of the Tianjin LNG receiving station of the National Pipeline Network Group has exceeded 20 million tons, and the export volume of tank trucks has exceeded 1 million. It has become the first LNG receiving station in the country to achieve this scale, effectively ensuring the supply of natural gas in the Beijing-Tianjin-Hebei and Northeast regions.
As of the end of August, the total number of charging facilities in Zhejiang Province reached 3.0807 million, with a vehicle-to-pile ratio of approximately 1.56:1. The province has achieved full coverage of public charging piles in towns and villages, and promoted the "new energy vehicle charging new energy electricity" model, with a cumulative consumption of more than 52 million kilowatt hours of green electricity. The charging network is transforming towards layout optimization and service quality improvement.
Huaneng's "Rui Carbon", China's first demonstration project that combines molten salt energy storage with carbon dioxide power generation, started construction in Yantai, Shandong on the 16th. In the first phase of the project, a 50MW supercritical carbon dioxide power generation unit and a 100MW/400MWh molten salt energy storage system will be constructed, and are planned to be put into operation in 2027.

The Tainan City Government today announced the launch of the Beimen District Office-level disaster prevention microgrid demonstration site, which combines solar photovoltaics, energy storage and energy management systems to ensure that critical power is maintained when natural disasters cause mains power outages, and to improve grassroots disaster prevention resilience.
Wang Hongzhi, Director of the National Energy Administration of China, met with Fatih Birol, Director of the International Energy Agency in Beijing. The two parties signed the "National Energy Administration of the People's Republic of China-International Energy Agency Three-Year Cooperation Plan" and exchanged views on the international energy situation and energy cooperation. Wang Hongzhi thanked the IEA for its support for China's energy transition, and Birol praised China's role in the energy transition.