State Planner Cuts Renewable-Energy Tariffs

(Beijing) — China will cut the state-set fees that newly built solar- and wind-power generators can collect for their electricity starting next year in an effort to gradually wean them off government support.

The price that just-completed solar plants can collect will drop by up to 18.7% starting in 2017, the National Development and Reform Commission (NDRC), China’s top economic planner, said in a statement on Monday. Tariffs for new wind power producers will drop by up to 14.8% starting in 2018.