14 AUGUST 2025Mysteel
China advances renewables marketisation by 5 years, targeting 30% electrification
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3 min read
Starting May 31, 2025, the electricity prices for newly commissioned renewable energy projects in China will be entirely determined by competitive bidding, with government subsidies being completely phased out.
Key policy elements
- Full market integration: All renewable electricity will be traded in the market, with no mandatory purchase requirements for power grids.
- Subsidy elimination: Government subsidies will be phased out.
- Dual-track mechanism: A "market-based pricing + price difference settlement" model will be adopted to ensure stable revenues for renewable energy projects.
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