2.10-2.14 Industry News of the Week
01 Two ministries: Energy storage configuration shall not be a prerequisite! Market-oriented reform of new energy grid-connected electricity prices! The National Development and Reform Commission and the National Energy Administration issued the "Notice on Deepening the Market-oriented Reform of New Energy Grid-connected Electricity Prices and Promoting the High-quality Development of New Energy". The document clearly states that we must resolutely correct improper interference in the electricity market, and we must not unreasonably allocate costs to new energy, and we must not use energy storage as a precondition for the approval, grid connection, and access to the grid of new energy projects. For new energy projects that enjoy financial subsidies, the subsidy standards for the reasonable utilization hours of the entire life cycle shall be implemented in accordance with the original regulations. The spot market price limit shall be appropriately relaxed. The upper limit of the spot market price declaration shall be determined by considering factors such as the current peak electricity price level of industrial and commercial users in various places, and the lower limit of the declared price shall be determined by considering other benefits that new energy can obtain outside the electricity market. The specific details shall be formulated and adjusted in a timely manner by the provincial price authorities in consultation with relevant departments. For new energy stock projects put into operation before June 1, 2025 : the mechanism electricity price shall be implemented in accordance with the current price policy and shall not be higher than the local coal-fired power benchmark price. The implementation period shall be determined in accordance with the current relevant policy guarantee period. Concentrated solar power generation projects and offshore wind power projects that have been competitively configured shall be implemented in accordance with the current policies of various places. For new energy incremental projects put into operation from June 1, 2025 : (2) Mechanism electricity price, which is formed by local governments organizing voluntary bidding for projects that have been put into operation and will be put into operation within the next 12 months and have not been included in the scope of the mechanism implementation. In the initial stage, projects with large cost differences can be organized by technology type. During the bidding, the selected projects are determined from low to high according to the bids. In principle, the mechanism electricity price is determined according to the highest bid of the selected projects, but shall not be higher than the bidding ceiling. The bidding ceiling is determined by the provincial price authorities taking into account reasonable cost-benefit, green value, power market supply and demand situation, user affordability and other factors. In the initial stage, the bidding floor can be set by ...
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