CCSN: In 2024, China will continue to vigorously support new energy (renewable energy) power generation in terms of policies.

CCSN adheres to the concept of green development. Actively explore green R&D and transformation of traditional diesel generators. At present, breakthrough progress has been made in new energy fuels and engine fuel saving and emission reduction.

On March 18, the National Development and Reform Commission issued the "Regulations on the Supervision of Full Guaranteed Purchase of Renewable Energy Electricity" (hereinafter referred to as the "Measures"). The "Measures" apply to wind power, solar power, biomass power, ocean power, geothermal power and other non-water renewable energy power generation, and hydropower power generation shall be implemented accordingly. The "Measures" will come into effect on April 1, 2024.

The "Measures" were promulgated to promote the high-quality development of renewable energy, promote the construction of new power systems, and standardize the full guaranteed purchase of renewable energy power by relevant members of the power market.

The grid-connected power of renewable energy power generation projects includes guaranteed purchased power and market-traded power. The guaranteed purchase of electricity refers to the electricity that relevant members of the power market should bear the obligation to purchase in accordance with the national renewable energy consumption guarantee mechanism, proportion targets and other relevant regulations. Market-traded electricity refers to electricity whose price is determined through market-based methods. Relevant members of the electricity market such as electricity sales companies and power users jointly bear the responsibility for acquisition.

It is worth noting that Article 20 of the "Measures" stipulates: If power grid enterprises, power dispatching agencies, and power trading agencies commit any of the following acts and fail to purchase renewable energy power in accordance with regulations, causing economic losses to renewable energy power generation enterprises, they shall bear the liability. The power regulatory agency shall be responsible for compensation and order the power regulatory agency to make corrections within a time limit; if it refuses to make corrections, the power regulatory agency may impose a fine of less than twice the economic loss of the renewable energy power generation enterprise. This means that the Measures are quite binding.

Specifically, there are five types of conduct listed in Article 20. That is, failing to construct in accordance with relevant regulations or failing to complete the construction of renewable energy power generation project connection projects in a timely manner; refusing or hindering the signing of power purchase and sale contracts, grid connection dispatch agreements, and power trading contracts with renewable energy power generation enterprises; failing to provide or Failure to provide renewable energy power generation grid-connection services in a timely manner; failure to prioritize renewable energy power generation; other circumstances in which renewable energy power cannot be fully guaranteed to be purchased due to grid companies, power dispatching agencies or power trading institutions.

CCSN Power Inc. All Rights Reserved

Posted by: Zhang Jianlong

Reviewed and translated by: Kailon Chung