SHANGHAI, Nov. 3 (SMM) - China’s National Development & Reform Commission (NDRC) on September 29 released a document of adjusting the benchmark on-grid prices of electricity power generated by new energies (Draft for Soliciting Opinions).
In accordance with the document, on-grid PV power prices in the first, second and third grade resource areas will be cut from 0.80 yuan, 0.88 yuan and 0.98 yuan to 0.55 yuan, 0.65 yuan and 0.75 yuan, respectively. And subsidies for self-generation and self-use and the remaining going to grid, and self-generation, self-use, both under roof-top PV distribution system, will be cut from 0.42 yuan to 0.2 yuan, 0.25 yuan and 0.3 yuan in the first, second and third grade resource areas, respectively.
The new policy will become effective from January 1, 2017.
PV power generation developers are expected to race against time before the new policy takes effect, and a new boom of installing PV power generators is coming soon.
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