Starting October 1, 2026, Shandong Province will implement a new peak and valley time period structure for its time-of-use electricity pricing.

This adjustment, based on the policy document from the Shandong Provincial Development and Reform Commission regarding the further optimization of the time-of-use pricing mechanism, aims to strengthen the role of pricing signals in the electricity market.

The primary objectives of this change are to better guide users in shifting their consumption from peak to off-peak periods, improve the overall balance of electricity supply and demand, and enhance the integration of renewable energy sources into the grid. A formal announcement detailing the specific new time periods has been released, with the updated rates set to take effect from the same date.