Time of use price adjustment in Zhejiang: the maximum difference rate of peak and valley exceeds 50%

Recently, Zhejiang Provincial Development and Reform Commission issued the notice on further improving the time of use price policy in Zhejiang Province (hereinafter referred to as the notice), adjusting the time of use price policy, which will be officially implemented from October 15, 2021.
On the whole, this adjustment has extended the peak period of power consumption and widened the price difference of peak and valley.

Due to the widening of the price difference between peak and valley electricity prices, the electricity prices in peak and peak periods will rise, and the electricity prices in trough periods will decline, which will have a differentiated impact on different large industrial electricity price enterprises. The power consumption cost of enterprises that can stagger the peak and use more power in the trough period will be reduced; During the peak hours, the power consumption cost of enterprises with more power consumption and lack of regulation capacity will increase. Some enterprises may reduce the power consumption cost by installing energy storage and photovoltaic, improving energy utilization efficiency and optimizing power consumption behavior.

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