On 11 June, the NDRC released a new notice guiding the price for feed in tariffs. The new regulations stipulate:
- on-grid electricity price for new projects in 2021 will be implemented according to the local coal-fired power generation benchmark price;
- Newly built projects can voluntarily participate in market-oriented transactions to form feed-in tariffs to better reflect the green power value of photovoltaic power and wind power generation.
Starting from 2021, on-grid tariffs for newly approved (registered) offshore wind power projects and solar thermal power generation projects will be set by the local provincial-level pricing authorities.