On October 27, the2021 Electric Power Market-oriented Trade Matchmaking Conference(Yichang) was organized and held by the Municipal Bureau of Economy and Information Technology. 15 power companiesin HubeiProvince, includingCR Power, China HuanengGroup(Central China) andThree GorgesPower,matchedwith 28 major industrial power consumers in our city and signed contracts on site. (Reporter Zhao Jingyi)

　　After on-site negotiation, lettersof intent have been signed between energy companies and major energy consumers, including CRPower and HubeiXingfa Chemicals Group, Angel Yeast, Yichang CSG Polysilicon, Guocheng CoatedandGalvanizedPlate and Huaxin Cement (Yichang), Guodian Changyuan Electric Power and Sanning chemical. The other letters of intent have been signed between China Huadian Corporation (Hubei) and ChinaHuaneng Group (Central China)and Yihua Group, Three GorgesPower and LiuguoChemical, GabrielleOptoelectronicsand Yichang Sanxia Pharmaceuticaland Xingpeng Energy and Shanshui Chemica. "Our company, as a chemical enterprise, isa big consumer of electricity. 15% of the total costgoes toelectricity every year. We would reap the benefit from the businessof electricity marketization, savingmore than 20 million yuan in 2019 and more than 10 million yuan this year. " said Zhang Pengfei, the director of environmentally friendly production sector of Sanning Chemical.

　　In recent years, our city has been working on the structural reform of the power supply, reducing the cost of energy forenterprises, and optimizing the business environment. The preliminary investigation estimated that about 200 enterprises in our city would apply forparticipationin the electricity market-oriented transaction in Hubei in 2021 with theappliedpower totalingabout 11 billion kw·h, which is expected to reduce costs for companies by about 100 million yuan.(Reporter Zhao Jingyi)