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The Ministry of Finance, the National Development and Reform Commission, and the National Energy Administration announced on the 5th the Interim Measures for the Administration of Supplementary Funding for Renewable Energy Electricity Price Subsidy (hereinafter referred to as the “Measures”), and clarified the policy for additional subsidies for renewable energy electricity prices.

The "Procedure" stipulates that, in principle, the subsidy for renewable energy tariffs shall be earmarked on a quarterly basis and year-end liquidation, and an additional subsidy of 0.4 million yuan per kilowatt per year shall be given to the public renewable energy independent power system. For those projects that are specifically designed to connect renewable energy power generation projects to the power grid system, a subsidy of 0.01-0.03 yuan per kilowatt-hour can be obtained based on the distance.

The "Measures" also stipulates that subsidies for on-grid electricity for renewable energy power generation projects such as wind power, biomass energy, solar energy, geothermal energy, and ocean energy shall be determined on the basis of factors such as the on-grid renewable energy price and the benchmark price of desulfurization and coal-fired units. In principle, quarterly advances and year-end liquidations are implemented. The national government invests in or subsidizes the sales price of the public renewable energy independent power system, and carries out the same regional sales price classification. Its reasonable operation and management expenses exceed the sales price, and the appropriate subsidies are given through renewable energy price surcharges. It is set at 4,000 yuan per kilowatt per year.

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