To deepen the market-based reform of new energy feed-in tariffs, the Henan Provincial Development and Reform Commission recently issued the “Henan Province's Implementation Plan for Deepening the Market-based Reform of New Energy Feed-in Tariff”, which clearly states that from January 1, 2026, all new energy feed-in electricity in the province will enter the electricity market, and feed-in tariffs will be formed through market transactions. The “Implementation Plan” clearly states that a sustainable price settlement mechanism should be established outside of the market to distinguish between stock projects and incremental projects. For stock projects that will be put into operation before June 1, 2025, implement the requirements of the country to properly connect with current policies, and clarify that the institutional electricity price is the current feed-in tariff for new energy sources in our province, that is, the benchmark price for coal power in our province. Among them, poverty alleviation photovoltaics, and all low-voltage distributed photovoltaic projects connected to the grid at 380 volts or less are included in the feed-in capacity mechanism; 80% of wind power, centralized photovoltaics, and distributed photovoltaic projects connected to the grid of 10 kV and above are included in the feed-in electricity mechanism. After the project is included in the mechanism, the execution period is determined based on the number of hours remaining for rational use of the entire life cycle, corresponding to the corresponding period and 20 years before the start of production.

To deepen the market-based reform of new energy feed-in tariffs, the Henan Provincial Development and Reform Commission recently issued the “Henan Province's Implementation Plan for Deepening the Market-based Reform of New Energy Feed-in Tariff”, which clearly states that from January 1, 2026, all new energy feed-in electricity in the province will enter the electricity market, and feed-in tariffs will be formed through market transactions. The “Implementation Plan” clearly states that a sustainable price settlement mechanism should be established outside of the market to distinguish between stock projects and incremental projects. For stock projects that will be put into operation before June 1, 2025, implement the requirements of the country to properly connect with current policies, and clarify that the institutional electricity price is the current feed-in tariff for new energy sources in our province, that is, the benchmark price for coal power in our province. Among them, poverty alleviation photovoltaics, and all low-voltage distributed photovoltaic projects connected to the grid at 380 volts or less are included in the feed-in capacity mechanism; 80% of wind power, centralized photovoltaics, and distributed photovoltaic projects connected to the grid of 10 kV and above are included in the feed-in electricity mechanism. After the project is included in the mechanism, the execution period is determined based on the number of hours remaining for rational use of the entire life cycle, corresponding to the corresponding period and 20 years before the start of production.