A Shell (China) spokesman said, “Shell has made a decision to withdraw from the electricity value chain related business in China, including power generation, trade and marketing, starting at the end of last year.” Recently, the Jiangsu Electric Power Trading Center issued an announcement stating that the trading center has accepted the application of Shell Energy (China) Co., Ltd. to voluntarily cancel its market registration; the Guangdong Electric Power Trading Center also issued a document stating that it has accepted its application to voluntarily withdraw from the market. Shell's withdrawal from the Chinese electricity market is not only related to the company's slowing down the pace of energy transformation, but also to the intense competition and difficulty of profit in China's electricity sales market. (interface news)