China mulling tariff surcharge on renewable energy
April 28, 2011 Category Alternative energy, Environment
China is expected to raise the tariff surcharge on power generated from renewable energy sources by 50% over two years to encourage investment in wind and solar projects, according to the China Electricity Regulatory Commission. Grid operators now charge CNY0.004 per kilowatt hour more when selling power from renewable sources than conventional thermal power. The fee charged could raise about CNY10 billion per year, only enough to cover 70% of the funds needed to subsidize clean energy producers in China in 2010, Huang Shaozhong, Vice Director of the Price and Financial Supervision Department under the CERC said. This subsidy will grow as China aims to raise the share of non-fossil fuels to 15% of the total energy mix by 2020, Huang said. China may raise the surcharge to CNY0.006 per kWh this year or in 2012. The government last raised the surcharge in 2009 by doubling it. China’s renewable energy law, passed in 2006, requires power distributors to buy all the power generated by renewable energy projects ― more expensive and usually unstable ― but also allows them to charge additional fees when they sell the power.
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