Core Viewpoint - The article discusses the transition of China's renewable energy industry into a fully market-oriented pricing system, initiated by the "136 Document," which marks a significant shift from government-set prices to market-driven pricing, impacting the entire energy sector and creating both opportunities and challenges for renewable energy companies [1][2][3]. Group 1: Market Reform and Transition - The renewable energy industry in China has evolved through various phases, including a subsidy era and a "guaranteed quantity and price" era, leading to the current full market entry phase initiated by the "136 Document" [2][3]. - As of the end of 2024, the installed capacity of renewable energy is expected to reach approximately 1.41 billion kilowatts, accounting for over 40% of the total installed capacity in the country, surpassing coal power for the first time [2]. - The transition to market pricing is seen as a necessary step for the renewable energy sector, which has been supported by various policies since 2009, but fixed pricing has become inadequate for market demands [2][3]. Group 2: Impact on Renewable Energy Companies - The implementation of the "136 Document" on June 1 marks a turning point where new projects must operate under market pricing, increasing revenue uncertainty for renewable energy companies [3][4]. - A new price settlement mechanism has been introduced to stabilize revenue expectations for renewable energy firms, allowing for compensation when market prices fall below a certain threshold [3]. - The shift towards market competition is expected to eliminate inefficient capacities and drive technological innovation among companies, transitioning the industry from a policy-dependent model to a market-driven one [5]. Group 3: Storage Industry Implications - The "136 Document" ends the mandatory storage requirement for new renewable energy projects, shifting the focus from administrative mandates to market-driven demand for storage solutions [6]. - This change is anticipated to accelerate the restructuring of the storage industry, encouraging companies to seek storage solutions based on economic value rather than compliance with regulations [6]. Group 4: Future of Renewable Energy - As renewable energy becomes a dominant source in the power structure, it must enhance its capabilities to reduce reliance on traditional coal power for regulation [7]. - The industry is expected to mature by improving predictability and control over energy output through technological advancements and deeper participation in market mechanisms [7].
追随电价市场化改革之路 探寻新能源产业发展趋势
Qi Huo Ri Bao Wang·2025-07-14 00:53