On September 2, the Zhejiang Development and Reform Commission issued a circular on publicly soliciting opinions on the implementation plan of the market-oriented reform of electricity prices for new energy access to the grid in Zhejiang Province (draft for comments) and the supporting implementation rules. In terms of the price settlement mechanism of new energy power generation,
the Draft aims at the following mechanism price standards for stock projects:
1. Mechanism price , which is orderly linked up with the current price policy. It is defined as 0.2
. The project can independently determine the proportion of mechanism electricity in the next year once a year, but not higher than that in the previous year; When new energy stock projects determine the proportion of mechanism electricity for the first time, the unified adjustment of new energy projects (except those that have been competitively allocated) shall not be higher than 90%, and other new energy projects shall not be higher than 100% ; For new energy projects that have participated in green electricity trading, the upper limit of the proportion of mechanism electricity is calculated according to the proportion of green electricity trading settlement electricity to its total on-grid electricity, and the minimum value of the upper limit of the proportion is set. New energy projects are encouraged to enhance their competitiveness and participate in market competition by means of equipment renewal, transformation and upgrading. After the project is put into operation with full capacity, if the project is renewed according to regulations, the installed capacity before renewal shall be implemented with reference to the original project policy, and the electricity generated by the newly installed capacity shall not participate in the mechanism tariff.
3.
In view of the principle of electricity price bidding for incremental project mechanism, the Draft for Soliciting Opinions clearly States that:
1. When organizing bidding by classification, the same upper and lower limits shall be adopted for bidding in the same year. If the participants in the wind power bidding in the deep sea (state-administered sea area) are relatively concentrated, the bidding will not be organized separately, and the mechanism price can be formed by market-oriented methods such as " linkage with other types of bidding results according to the project cost survey results". In addition to the unified new energy projects, other new energy projects should participate in the bidding after full capacity is put into operation. 2.3
. Those who fail to put into operation with full capacity on schedule after winning the bid shall be assessed in accordance with the relevant detailed rules and regulations.
In terms of the exit rules , the Draft for Soliciting Opinions clearly States that
new energy projects that have been incorporated into the mechanism can voluntarily apply for withdrawal within the implementation period, or voluntarily apply for the reduction of electricity in the next year's mechanism. If the new energy project expires or withdraws voluntarily within the time limit, it will no longer be included in the implementation scope of the mechanism; if it voluntarily applies for a reduction, it shall not be increased after the reduction. After the application for withdrawal and reduction of new energy projects is approved, the relevant provisions of the new energy sustainable development price settlement mechanism agreement (hereinafter referred to as the "mechanism price settlement provisions") will be automatically adjusted and come into effect. The
full text of the Draft is as follows:
Implementation Plan
for the Market-oriented Reform of On-grid Tariff of New Energy in Zhejiang Province (Draft)
In order to fully implement the National Development and Reform Commission and the National Energy Administration on Deepening the Market-oriented Reform of On-grid Tariff of New Energy According to the relevant requirements of the Notice on Promoting the High-quality Development of New Energy (FGJG [2025] No.136), this plan is formulated to promote the full entry of new energy into the electricity market, establish a sustainable development price settlement mechanism, maintain the orderly convergence of stock project policies, stabilize the expected income of incremental projects, and promote the transformation of energy structure and the high-quality development of new energy industry in our province.
1. Promoting the full entry of new energy into the electricity market
(1) New energy fully participates in the spot market. New energy projects (wind power, (2) Orderly participation of new energy in the medium and long-term market. New energy projects participate in medium and long-term transactions through green power trading. The declaration and transaction prices of new energy participating in green power trading specify the price of electric energy and the price of corresponding green power certificates respectively. Promote the multi-year green power trading mechanism in a timely manner, and encourage distributed new energy to participate in green power trading through aggregators. (Three) improve the power ancillary service market. We will continue to enrich the trading varieties in the ancillary services market, establish a standby ancillary services market in a timely manner, and allow new energy sources with regulatory capabilities to participate in the ancillary services market. During the formal operation of the spot market, new energy projects will no longer bear the market costs of ancillary services such as frequency modulation and reserve. 2. Establishing a price settlement mechanism for sustainable development of new energy (4) Electricity price standard for new energy stock project mechanism. 1. The mechanism electricity price , which links up with the current price policy in an orderly manner, is clearly defined as 0.2 . The project can independently determine the proportion of mechanism electricity in the next year once a year, but not higher than that in the previous year; When new energy stock projects determine the proportion of mechanism electricity for the first time, the unified adjustment of new energy projects (except those that have been competitively allocated) shall not be higher than 90%, and other new energy projects shall not be higher than 100%; For new energy projects that have participated in green electricity trading, the upper limit of the proportion of mechanism electricity is calculated according to the proportion of green electricity trading settlement electricity to its total on-grid electricity, and the minimum value of the upper limit of the proportion is set. New energy projects are encouraged to enhance their competitiveness and participate in market competition by means of equipment renewal, transformation and upgrading. After the project is put into operation with full capacity, if the project is renewed according to regulations, the installed capacity before renewal shall be implemented with reference to the original project policy, and the electricity generated by the newly installed capacity shall not participate in the mechanism tariff . 3. (5) Price bidding principle of new energy incremental project mechanism. 1. When organizing bidding by classification, the same bidding upper and lower limits shall be adopted for bidding in the same year. If the participants in the wind power bidding in the deep sea (state-administered sea area) are relatively concentrated, the bidding will not be organized separately, and the mechanism price can be formed by market-oriented methods such as "linkage with other types of bidding results according to the project cost survey results". In addition to the unified new energy projects, other new energy projects should participate in the bidding after full capacity is put into operation. 2.3 . Those who fail to put into operation with full capacity on schedule after winning the bid shall be assessed in accordance with the relevant detailed rules and regulations. (6) Rules for the settlement of electricity charges for the price difference of the new energy mechanism. 1. Monthly mechanism power generation = actual on-grid power generation of the current month × mechanism power generation proportion; among which, the mechanism power generation proportion of new energy incremental projects in the current year shall be converted based on the annual mechanism power generation of the successful bidder, the approved (filed) installed capacity, and the benchmark of annual power generation utilization hours of similar projects. The benchmark of annual power generation utilization hours shall be issued and updated by the competent government department on a regular basis. 2.3.4. (7) Exit rules of the price settlement mechanism for sustainable development of new energy. New energy projects that have been incorporated into the mechanism may voluntarily apply for withdrawal within the implementation period, or voluntarily apply for reduction of the next year's mechanism electricity. If the new energy project expires or withdraws voluntarily within the time limit, it will no longer be included in the implementation scope of the mechanism; if it voluntarily applies for a reduction, it shall not be increased after the reduction. After the application for withdrawal and reduction of new energy projects is approved, the relevant provisions of the new energy sustainable development price settlement mechanism agreement (hereinafter referred to as the "mechanism price settlement provisions") will be automatically adjusted and come into effect. 3. Do a good job of linking up reform policies (8) Do a good job of linking up with the construction of the power market. No other forms of price difference settlement will be carried out for the electricity included in the mechanism. Centralized new energy medium and long-term (green power) trading limit = approved (filed) installed capacity × benchmark of annual power generation utilization hours of similar projects × (1-proportion of machine-made electricity). Medium and long-term (green power) trading limit of distributed new energy = approved (filed) installed capacity × benchmark of annual power generation utilization hours of similar projects × (1-proportion of machine-made electricity) × 0. When calculating the monthly trading limit, it can be determined according to the benchmark of annual power generation utilization hours/12 (rounded); After the electricity quantity of the settlement mechanism of the new energy project reaches the upper limit in the current year, it can participate in the green electricity transaction in full in the following months. (Nine) do a good job of linking up with the new energy green certificate. The green certificate income of the electricity quantity included in the mechanism shall not be obtained repeatedly. The green certificate income of the green electricity transaction electricity quantity shall be settled according to the principle of "the green electricity contract electricity quantity of the current month, the remaining on-grid electricity quantity deducted from the mechanism electricity quantity, and the electricity consumption of the power user shall be smaller". The corresponding green certificate of the mechanism electricity quantity shall be transferred to the provincial special green certificate account, and the processing method shall be specified separately. (Ten) do a good job of linking up with the power grid enterprises to purchase electricity. Power grid enterprises can purchase new energy electricity through market-oriented way as the source of agent purchasing electricity, and the price of market-oriented purchasing electricity is determined according to the market transaction price.