China To Allow Market Forces To Dictate Clean Energy Prices ...Middle East

OILPRICE - Economy
China To Allow Market Forces To Dictate Clean Energy Prices
source : OILPRICE ( Middle East ) () 94
China is looking to modernize its renewable energy sector by leaving the prices of clean energy to the whims of the markets rather than being dictated by the government. China’s National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have issued a notice about deepening the “market-oriented reform” wherein the price of on-grid electricity generated from renewable sources such as wind and solar, previously fixed, would be determined by market mechanisms. “With the large-scale development…

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