Analysis: China's Provinces Finalize Renewable Rules
Only half of China's provinces have finalized new rules for pricing wind and solar power, according to Carbon Brief analysis.
Local governments are required to publish final plans to reform the way wind and solar power is priced in their jurisdiction before the end of this year, following the release of a central government directive in February, known as "Document 136" (136号文).
The new rules will replace the previous pricing mechanism, which gave wind and solar generators guaranteed sales at a fixed price tied to the benchmark electricity price from coal.
The shift towards market-based pricing for wind and solar is seen as a key uncertainty for the sector, with implications for China's wider energy and emissions targets.
Author's summary: China's provinces are slow to adopt new renewable rules.