Clean energy: China to allow solar, wind power prices to be set by market forces

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Clean energy: China to allow solar, wind power prices to be set by market forces - SCMP

Quick Summary:

Change from fixed pricing will set a solid foundation for the construction of a unified national electricity market system’, analyst says.

Given the increasingly important role renewable energy is playing in China’s power system, setting regulations on the renewable tariff mechanism has become more important, Pierre Lau, head of Asian utilities and clean energy research at Citigroup, said in a report on Monday.

The NDRC ordered local governments to introduce their own plans for the change by the end of this year.