Analysis of Global Power Market
Analysis of China's Power Operation Market
On-grid Price Analysis of PV Power in China
Composition of Distributed PV Power
On-grid Price, China, 2018
National Subsidy
(flat rate)
Local Subsidy (if applicable)
Local On-grid Tariffs of
Desulfurised Coal-fired Plants
Distributed
PV Power
On-grid Price
Composition Range of Distributed PV Power
On-grid Price, China, 2019
Tariff Composition
On-grid Price of Utility-Scale PV Power
Generation, China, 2015-2019
Provincial Subsidy
Range (RMB/kWh)
National Subsidy
0.1-0.18
0.1~0.4
0.1-0.4
0.25-0.45
Municipal Subsidy
Local On-grid prices of Desulfurised
Coal-fired Plants
Class II Resource
Region
Class I Resource
Region
-20.0%
0.90
-25.0%
0.80
0.65
0.95
0.88
0.50
0.40
0.75
0.60
0.45
20152016201720182019
20152016201720182019
Tibet Province
•
2016: On-grid prices were
determined project by project
2017 & 2018: RMB 1.05 per
kWh
Class III Resource
Region
-21.4%
1.00 0.98
0.85 0.70
0.55
China has adopted on-grid tariff for utility-scale solar
power generation since 2011, based on different solar
radiation conditions in different regions. The on-grid
tariff for solar power is also declining on the back of
decreasing power generation costs of solar power. In
April 2019, the NDRC announced that the newly added
on-grid tariff for centralised solar power stations shall be
determined in principle through market competition, and
shall not exceed the guidance price set by the NDRC in
the resource area.
20152016201720182019
FROST C SULLIVAN
Source: Frost & Sullivan
56View entire presentation