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Excess electricity in China has lowered prices

Excess electricity in China has lowered prices

China's Shandong province has faced an unexpected problem - the electricity generated by solar panels is exceeding the norm. This situation led to a decrease in electricity prices, Bloomberg reported.

From 2020 to 2025, the capacity of solar power plants in Shandong increased from 23 gigawatts to 85 gigawatts. This indicator was achieved due to the large-scale installation of panels on the roofs of houses. If Shandong were a separate country, it would be the sixth largest producer of electricity in the world.

The disadvantage of solar energy is that more electricity is generated mainly in the middle of the day - when demand is low. As a result, overload arises in the networks.

The heads of the provinces plan to accelerate the development of wind and nuclear energy in order to stabilize the energy balance. Also, tariffs may be reduced to stimulate daytime consumption. Battery systems are also being widely implemented for storing and distributing excess energy in the evening.

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News » World » Excess electricity in China has lowered prices