(Yicai) Nov. 29 -- With China speeding up the transport, industrial, and other sectors' electrification, the country's electrification rate is expected to reach 34 percent by 2030, according to the deputy director of China Electricity Council's planning and development department.

New energy power generation has strong randomness, volatility, and intermittency. With soaring domestic new energy installed capacity and the power grid's large-scale integration, the flexibility requirements for China's power system will increase, Zhang Jingjie said at a conference yesterday.

China's installed wind power and solar power capacity reached 1.21 billion kilowatts as of the end of July, exceeding its target of 1.2 billion kW six years ahead of schedule, the National Energy Administration announced at the end of last month.

During China's 14th Five-Year Plan from 2021 to next year, the installed capacity of new energy has maintained an annual growth of more than 200 million kW, Zhang noted.

China's electricity load has surged during the 14th Five-Year Plan, increasing on average about 80 million kW a year, equivalent to the load level of Germany, said Wang Yaohua, vice president of the State Grid Energy Research Institute. During the 15th Five-Year Plan, its annual electricity load will increase by 100 million kW, adding 60 billion kW-hours of electricity per year, Wang added.

Market mechanisms are the core support for improving the regulation capability of the power system, several experts said at the conference yesterday.

Support policies for coal-fired power plants should be developed to transform them from traditional primary energy suppliers to flexible services providers, according to Wang.

Editor: Martin Kadiev