Zhejiang: Harnessing 'green electricity' to activate new drivers for common prosperity

[Photo provided to chinadaily.com.cn]

State Grid Hangzhou Power Supply Company established the "Green Power Future Zero-Carbon Living Room" in Xiajiang village, Chun'an county, Zhejiang province, on Nov 5. This initiative upgrades the power service facility into a shared service space for carbon certificate consulting, green energy interaction, and education on new power systems. It serves as a professional service bridge allowing enterprises and collectives in remote mountainous areas of western Zhejiang to participate in green electricity trading.

Not long ago, the head of Daxiajiang Revitalization and Development Co visited the Zero-Carbon Living Room for an on-site consultation about green electricity and green certificate services. Staff from State Grid Hangzhou Power Supply Company provided detailed explanations of core services such as carbon footprint assessment, green certificate development, and China Certified Emission Reduction (CCER). When informed that aggregating green electricity could generate additional revenue, Huang Lifa, head of Daxiajiang Revitalization and Development Co, immediately decided to enroll the company's photovoltaic projects in the aggregation program.

Adhering to the principles of fairness, transparency, and voluntary participation, and with guidance on basic public services from State Grid Hangzhou Power Supply Company, Daxiajiang Revitalization and Development Co independently collected basic documents and carried out account registration for green electricity aggregation. To date, the company has successfully aggregated 17 photovoltaic projects registered with the Zhejiang Electricity Trading Center. Through the market-based trading of green electricity and certificates, Daxiajiang Revitalization and Development Co is expected to aggregate 1.65 million kilowatt-hours of green electricity annually for grid feed-in, creating additional revenue of approximately 8,000 to 10,000 yuan ($1,123-1,404). This creates a win-win situation with both environmental and economic benefits.

"Participating in green electricity aggregation not only fulfills the dual carbon goals but also tangibly increases feed-in tariffs. This stable income motivates us greatly," said Huang.

Subsequently, building on the first batch of aggregated green electricity projects, State Grid Hangzhou Power Supply Company plans to further aggregate photovoltaic resources from 48 publicly owned buildings funded by collective investments in the region. This is expected to result in the aggregation of 5.5 million kWh of green electricity annually, generating over 45,000 yuan in additional green electricity revenue.

Progressing from "having access to electricity" to "utilizing electricity efficiently", and from "using green electricity" to "creating green gold", State Grid Hangzhou Power Supply Company is using green electricity trading to continuously expand ways to take advantage of ecological value. The company is accelerating the transformation of green energy from "ecological value" into "economic value", injecting a continuous stream of green momentum into local green, high-quality development and common prosperity.