The storage power and electricity market was informed that on 3 september, the zhejiang provincial development and reform commission issued a notice of open consultation on the implementation programme for market reform of new energy access prices in zhejiang province and accompanying implementing regulations, from 3 september to 10 september 2025. The accompanying rules include:
Zhejiang province, rules for the implementation of the price settlement mechanism for sustainable energy development (advisory draft)
Rules for measuring the cost of new energy power generation in zhejiang province (advisory draft)
Zhejiang province new energy incremental project facility rules for the implementation of electricity prices (approval draft)
Among them, the programme indicated that the configuration of the reservoir would not be a precondition for approval of new energy projects, networking, internet access, etc. New energy projects (wind, voltage) have full access to the electricity market. New energy is not included in the new energy utilization statistics and appraisals because of the lack of internet access, for example, as a result of pricing。
The new energy projects (net-connected voltage levels of 110 kv and above and exchange side loaders of 40 mw and above) are integrated into the spot market in accordance with the relevant market rules and in the form of “price offers”. Other new energy projects participate in the spot market as price recipients, at monthly average prices of the same type of project in real-time markets, and are eligible to participate in the spot market by offering offers。
New energy storage project: new energy project fully operational by 1 june 2025。
Institutional electricity prices: an orderly interface with the current price policy, specified at 0. 4153 kwh; a competitive configuration to create a feed-in price is implemented at current prices。
Institutional capacity: determined on the basis of the mechanism's ratio of capacity multiplied by the actual grid. The project is free to determine the proportion of the next year's mechanism's electricity supply once a year, but not more than the previous year; when the new energy storage project first determines the proportion of the mechanism's electricity, it must not exceed 90 per cent for all new energy projects (except for new energy projects with competitive deployments) and not more than 100 per cent for other new energy projects; and when it is involved in new energy projects that have been engaged in green electricity trading, the maximum of the mechanism's electricity share is calculated on the basis of the percentage of the total electricity available through the green power trade, with a minimum percentage。
New energy projects are encouraged to increase competitiveness and compete in the market through equipment upgrades, upgradings, etc.; full capacity of the project is delivered after delivery, updated as required, pre-loads are updated by reference to the original project policy, new loads are generated, and no institutional electricity is allowed。
Duration of implementation: new energy projects with national renewable energy subsidies, with reference to new energy subsidies; if no new energy subsidies, the implementation period is determined on the basis of 20 years from the date of full-capacity commissioning and earlier on when electricity generation reaches a reasonable number of hours of full life cycle utilization, after which the mechanism's electricity price will not be implemented the following month。
New energy incremental project: new energy project with full capacity on 1 june 2025. The full-capacity timing is determined in accordance with the relevant provisions of the rules for the implementation of the new energy incremental project mechanism in zhejiang province。
Where the players involved in the far-reaching (nationally regulated) wind and electricity competitions are concentrated, they are not organized separately and can be marketed “on the basis of the project cost survey, in association with other types of competitive results”. In addition to the harmonization of new energy projects, other new energy projects should participate in post-partum bidding at full capacity。
Institutional electricity prices: the annual bid is organized by the provincial development reform commission (pdrc). If the bid is made at a low to high price, the mechanism's electricity price is in principle fixed at the maximum price of the selected item, but not above the competitive maximum; if the bid is set at a lower level, the mechanism's electricity price is not below the competitive threshold。
First bid maximum of $0. 393 per kilowatt hour in 2025 (90 per cent x average long-term transaction price in january-may 2025 + 10 per cent x) the real-time real-time market average of new energy sources in january-may 2025; the stated price floor is determined by the energy authorities considering the conversion cost of electricity at the state-of-the-art price level (only fixed costs are included)。
Duration of implementation: 8-12 years, in principle, according to the average duration of recovery of the initial investment for the same type of project; starting time according to the full capacity declared for the project, and starting time according to the time of selection for the project that was launched. If the winning bid is not fully operational by the due date, it shall be evaluated in accordance with the terms of the relevant rules。
New energy projects for competitive deployment have been launched to incorporate the new sustainable energy development price clearing mechanism as an inventory project, and feed-in tariffs through competitive deployment are implemented at current prices。
During the implementation period of the mechanism's electricity price, new energy projects may voluntarily reduce the mechanism's electricity coverage by one or more tranches at a time; 10 per cent of the mechanism's electricity share for storage projects; and 10 per cent of the initial mechanism's electricity volume for incremental projects, after withdrawal, no longer fall within the scope of the follow-up mechanism's implementation。
Projects that were not fully operational at the time of the selection of the mechanism's electricity prices, the period of implementation of the mechanism's electricity price was calculated from the day after the full capacity of the project was declared; actual full capacity production took place more than 180 days after the date of the declaration, and was considered to have voluntarily abandoned the mechanism's electricity volume and no longer included in the mechanism's electricity price implementation。
The mechanism does not duplicate the proceeds of the green certificate, which is transferred to the provincial exclusive green certificate account。
The portion of the average market transaction price below or above the mechanism's electricity price is settled on a monthly mechanism price differential by the grid enterprise. Monthly mechanism differential = monthly mechanism power x (mechanical electricity price - average monthly market transaction price). The mechanism differential charge is included in the operating costs of the system and is shared or shared on a monthly basis by all business users. A new heading, “performance settlement costs of the new sustainable energy development pricing mechanism”, was added to the operating costs of the system。
New energy projects no longer bear the market costs of ancillary services such as fm, backup, etc., during the time when the spot market is in operation。
In addition, the zhejiang province rules for measuring the cost of new energy generations (approval draft) identify new energy generation costs to be measured in terms of operating cycle flat-rate electricity costs。
