Navigant Research Report Shows China is Open to Electricity Market Competition and Pushing for Distributed Energy Resources
To participate in Chinese energy market, OEMs and project
developers should accelerate development of market-specific solutions
and educate Chinese stakeholders on DER
A new report from Navigant
Research examines the changes in the Chinese commercial and
industrial (C&I) electricity market, and the opportunities they create
for distributed energy resources (DER) stakeholders.
As markets for wholesale energy and retail grow in China, the Chinese
government is finding new ways to deploy renewable energy with an
emphasis on distributed power generation. From the start of the
industry, China has struggled to integrate its increasing renewables
with central grid infrastructure. To resolve this issue, the National
Energy Administration and National Development and Reform Commission
(NDRC) announced a market-oriented distributed power generation
initiative in fall of 2017. Click
to tweet: According to a new report by @NavigantRSRCH, China is open
to electricity market competition and pushing for DER.
“The focus on DER by China’s NDRC represents a new part of the power
sector reform in China,” says Roberto Rodriguez Labastida, senior
research analyst with Navigant Research. “This strategy has the
potential to change the Chinese energy industry and eventually fulfill
demands of the C&I and retail choice markets at the customer level.”
According to the report, the Chinese government is pushing legislation
and incentives to encourage competition in the realm of distributed
resources. In response to that opening of competition, innovative
business models are emerging to take advantage of these new
opportunities in the Chinese C&I marketplace. To participate and enhance
competitiveness, Navigant recommends OEMs and project developers develop
market-specific solutions, strengthen their customer acquisition teams,
and educate Chinese stakeholders on DER.
This Navigant Research report, Preparing
for New DER-Driven Opportunities in the Chinese C&I Energy Market,
explores the changes in the Chinese C&I electricity market and the
opportunities they create for DER stakeholders. The study addresses the
challenges that are emerging as companies and project developers aim to
capitalize on these DER opportunities. It also looks at DER strategies
that have been successful in other markets that could be adapted to
conditions in China and assist project developers in creating successful
and innovative DER business models.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* The information contained in this press release concerning the
report, Preparing for New DER-Driven Opportunities in the Chinese
C&I Energy Market, is a summary and reflects Navigant Research’s
current expectations based on market data and trend analysis. Market
predictions and expectations are inherently uncertain and actual results
may differ materially from those contained in this press release or the
report. Please refer to the full report for a complete understanding of
the assumptions underlying the report’s conclusions and the
methodologies used to create the report. Neither Navigant Research nor
Navigant undertakes any obligation to update any of the information
contained in this press release or the report.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180614005089/en/
Copyright Business Wire 2018
Source: Business Wire
(June 14, 2018 - 5:15 AM EDT)
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