Meta Data
Draft: 
No
Revision of previous policy?: 
No
Draft Year: 
2016
Effective Start Year: 
2017
Scope: 
National
Document Type: 
Decree, Other
Economic Sector: 
Power
Energy Types: 
Power, Renewable, Solar, Wind
Issued by: 
National Development and Reform Commission
Overall Summary: 
This Notice was issued according to the implementation of the target set under "Energy Development Strategic Action Plan (2014-2020)" on wind power, photovoltaic electricity grid parity by 2020. In particular, it focuses on guiding new energy investment, promoting solar and wind power industry healthy and on orderly development. Based on the "renewable energy law", the policy aims to adjust the benchmark for a new energy tariff policy.
Renewable Energy
RE feed-in tariffs: 
Reduce PV and onshore wind power electricity price benchmark. Feed-in Tariffs for newly approved onshore wind power construction will be adapted to the current technological advances and the cost of new energy industries. The will be reduced for new photovoltaic projects built after January 1, 2017 and after January 1, 2018. Specific prices are in Annex 1 and Annex 2 . ---For non-tendered offshore wind projects, offshore wind power and onshore wind power projects follow two different prices. Offshore wind power project benchmark electricity price of 0.85 yuan per kilowatt-hour, onshore wind power projects in the benchmark electricity price of 0.75 yuan per kilowatt-hour. Offshore wind power electricity price (including desulfurization, denitrification, dust electricity) in the local coal-fired units less than the benchmark tariff part, by the local provincial power grid settlement; the higher price will be subsidized by the National Renewable Energy Development Fund.
Investment
Bidding and Tendering: 
Encourage the identification of new energy tariff by bidding market-oriented approach. The state encourages the country to determine the tariffs and owners of photovoltaic power generation, onshore wind, offshore wind power and other new energy project by bidding on a competitive market, but the price formed through market competition regulations shall not be higher than the national family resource area photovoltaic power, onshore wind power, offshore wind power electricity price benchmark. The implementation of competitive bidding will determine the way the market price (including desulfurization, denitrification, dust electricity) in the local coal-fired units shall be less than the benchmark tariff part, by the local provincial power grid settlement; the higher part to be subsidized by the National Renewable Energy Development Fund .