Green electricity refers to electricity with zero or nearly zero carbon dioxide emissions during the production process. Green electricity trading reflects the green value of electricity commodities through market-oriented means. Since the official launch of the green power trading pilot in China in 2021, many places have achieved leapfrog growth in green power trading, and market activity has continued to increase.

According to data from Tianjin Electric Power Trading Center, in the first quarter, the cumulative trading of green electricity in Tianjin's electricity market reached 5.179 billion kilowatt hours, an increase of 183% compared to the total trading volume of green electricity in 2023, effectively meeting the demand for green electricity consumption of enterprises. Electricity users can directly purchase green electricity from new energy enterprises, which not only meets the demand for clean energy production, but also obtains authoritative green environmental value certification, achieving the unity of economic, social, and environmental benefits, "said Xing Ligong, Director of the Market Department of Tianjin Electric Power Trading Center.

It is reported that since the launch of the national green electricity market, Tianjin Electric Power Trading Center has continued to deeply tap into the potential of green energy consumption. According to the calculation of State Grid Tianjin Electric Power Company, the total amount of green electricity traded in Tianjin in 2023 will increase by 22.5 times year-on-year, and the scale of green electricity trading will significantly increase. Under the organization of Tianjin Electric Power Trading Center, the Fangmeijiang Convention and Exhibition Center, the venue of the 2023 Summer Davos Forum, completed green power trading with new energy generation enterprises, achieving a trading capacity of 1 million kilowatt hours, equivalent to saving 320 tons of standard coal and reducing carbon dioxide emissions by 800 tons. This is the first time that Tianjin has carried out green power trading for large-scale events.

In Binhai New Area, Tianjin, the demand for social electricity has shifted from "sufficient electricity" in the past to "green electricity" today. The Action Plan for Carbon Peak and Carbon Neutrality of China Singapore Tianjin Ecological City, released in July 2023, proposes that the ecological city will implement renewable energy development, increase the integration of renewable energy with urban construction, explore the development and utilization of diversified clean energy, and increase the proportion of green electricity use.

In the China Singapore Tianjin Eco City, the National Marine Museum actively responded to participate in green power trading and officially launched green power trading on April 1st, with an expected annual trading capacity of 10 million kilowatt hours. As a key energy consuming unit of the ecological city, the National Oceanic Museum participates in green electricity trading, uses clean green energy, and is expected to reduce carbon emissions by 6000 tons annually, "said Shao Hongfei, Deputy Director of the National Oceanic Museum.

Bu Yunkun, Deputy Director of the Engineering Management Department of Tianjin Ecological City Energy Investment and Construction Co., Ltd., stated that the use of clean energy has penetrated into all aspects of the construction of the Sino Singapore Tianjin Ecological City. In the process of building a national animation industry comprehensive demonstration park, a large number of technologies such as photovoltaic power generation system, soil source heat pump system, gas triple supply system, and water storage automation energy-saving are adopted. Compared with conventional energy sources, the park can save 1904 tons of standard coal, reduce 4971 tons of carbon dioxide emissions, and save about 10000 tons of water annually.

To vigorously enhance the local green power supply capacity, Tianjin Electric Power Trading Center strives to achieve "immediate operation and trading" of new energy power generation projects, and "tradable and fully traded" green power generation. The installed capacity of new energy in Tianjin in 2023 increased by 72.15% year-on-year.

We will continue to explore more green electricity trading methods and provide business entities with rich choices to meet the needs of different customers, "said Chang Yadi, Deputy Director of the Trading Department of Tianjin Electric Power Trading Center.