China Could Issue Renewable Portfolio Standard by Year-End
A draft version of China’s Renewable Portfolio Standard (RPS) has
been submitted to the State Council for review and could be approved
before the end of this year, according to Ren Dongming, director of the
Center for Renewable Energy Development under the National Development
and Reform Commission.
The RPS is a regulation designed to ensure that a specific share of
national power generation comes from renewable energy sources. Under the
RPS, electricity generated from renewable sources can be traded across
regions and regional power grids to offset regional differences in
renewable energy resources.
The RPS will require local governments and grid companies to ensure that
renewable energy quotas are fulfilled. Regions that meet their quota
will be able to calculate their renewable energy consumption excluding
hydropower as a reduction of coal energy consumption for power
generation. Regions are usually scored based on their ability to keep
energy consumption within set targets. For those regions that fail to
meet their quotas, the unmet part of their quota after conversion to an
energy saving calculation will be deducted from the actual energy saving
score.
Once the RPS is approved and implanted it is expected to push local
authorities, especially eastern provinces with high energy consumption,
to develop renewable energy and increase installations, pushing up
distributed solar generation.
China’s two power grid operators are also likely to improve the
connectivity of wind and solar power to their power grids, which has
lagged behind the pace of new installations in recent years and resulted
in wastage.
Translated and edited by ReneSola. Original source:
Solarbe.
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