China is going to complete a study on roadmap to realize grid parity with wind and solar power by the end of 2015, said a report by Shanghai Securities News.
The National Energy Administration recently held a meeting in this regard and would examine the roadmap afterwards. China aims to realize grid parity by 2020 with wind power prices at around 0. 4 yuan/KWh and solar electricity prices at around 0.6 yuan/kWh, respectively.
The country is already in the process of trimming benchmark on-grid power prices from renewable energy on yearly basis. Benchmark on-gird solar power prices would be 0.8 yuan/kWh, 0.88 yuan/kWh and 0.98 kWh in three categorical areas in 2016, down 0.1 yuan/kWh, 0.07 yuan/kWh and 0.02 yuan/kWh from that in 2015, respectively, according to media reports.
Meanwhile, benchmark on-grid wind power prices for 2016 would be 0.47 yuan/kWh, 0.5 yuan/kWh, 0.54 yuan/kWh and 0.6 yuan/kWh in four categorical areas, down 0.02 yuan/kWh, 0.02 yuan/kWh, 0.02 yuan/kWh and 0.01 yuan/kWh from that in 2015, respectively.
Wind and solar power stations in east China would be more competitive while internal return rate with wind and solar power stations in west China would decrease by 2 percentage points on reduction of on-grid power prices from renewable energy, according to Su Chen, an analyst with Industrial Securities.
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