policy will be closely related to the technology
and cost evolution of renewable energy in the
future; and (ii) the future renewable energy quota
trading mechanism and carbon trading scheme
should boost future renewable energy development and become an important supplement to the
renewable energy subsidy policy.
In addition, due to China’s power market system, the characteristics of renewable energy technologies and other factors, wind and solar
curtailment remains a tough challenge in China. For
example, in 2015, the rate of wind and solar curtailment was 15% and 12.5% respectively. Due to
the economic slowdown and the decline in
Fig. 35 Evolution of wind
and solar power consumption
in China. Source BP
Statistical Review of World
Energy (2016)
Table 3 Feed-in tariff adjustment for solar and wind power in China
Year
Power on-grid price (RMB/kWh)
Solar
2009
Golden Sun programme tender price (first batch): 1.0928
2010
Golden Sun programme tender price (second batch): 0.7288–0.9907 on-grid power price: 1.15
2011
1
2012
1
2013
0.9, 0.95, 1 for three categories
2015
0.8, 0.88, 0.98 for three categories
2017
0.65, 0.75, 0.85 for three categories
Wind
2009
0.51, 0.54, 0.58, 0.61 for four categories
2014
0.49, 0.52, 0.56, 0.61 for four categories
2016
0.47, 0.50, 0.54, 0.60 for four categories
2018
0.40, 0.45, 0.49, 0.57 for four categories
Source Ministry of Finance; National Development and Reform Commission; National Energy Administration
Table 4 Adjustments to
the feed-in-tariff surcharge
for renewable energy in
China
Year
FIT surcharge for renewable energy (RMB/kWh)
2006
0.002
2009
0.004
2012
0.008
2013
0.015
2016
0.019
250
Y. Jianlong and M. Haigh