Recently, the National Development and Reform Commission issued the "Notice on Improving the On-grid Benchmarking Tariff Policy for Onshore Wind Power and Photovoltaic Power Generation" to appropriately reduce the on-grid benchmark tariff for onshore wind power and photovoltaic power generation.

Based on the reduction in project cost and the appropriate level of return on project capital, the "Notice" clarified that the on-grid benchmark tariff for onshore wind power projects will be reduced by 2 cents in 2016 and 2018 in the first, second, and third resource areas 3 cents, the four types of resource areas will be reduced by 1 cent and 2 cents respectively. For photovoltaic power generation benchmark electricity prices, in 2016, the first and second resource areas will be reduced by 10 cents and 7 cents respectively, and the third type resource areas will be reduced by 2 cents. At the same time, it was pointed out that distributed photovoltaic power generation projects built on the roofs of buildings and ancillary sites are allowed to be changed to the "full-on-line" mode if the conditions are met. Purchasing at a benchmark electricity price on the Internet.

The "Notice" points out that all localities are encouraged to determine relevant new energy project owners and on-grid tariffs through market-oriented methods such as bidding, but the on-grid tariffs formed through competition must not be higher than the local benchmark on-grid tariffs set by the state.

This is to implement the goals and requirements of the Energy Development Strategic Action Plan (2014-2020) of the General Office of the State Council, rationally guide new energy investment, promote the healthy and orderly development of onshore wind power, photovoltaic power generation and other new energy industries, and promote the balance of new energy in various regions Develop and improve the efficiency of renewable energy electricity price subsidies. As the relevant state departments gradually improve the current "abandonment of wind" and "abandonment of light" conditions, the adjusted benchmark electricity price policy will still maintain strong support for the new energy industry.