BEIJING, Feb. 10 -- China is accelerating the market-oriented reform of its renewable power pricing system in a bid to build a new power system and promote the sustainable development of renewable energy generation.
As shown in Figure 4, from 2006 through 2015, the average retail price premium over the standard offering for residential utility green power products has mainly hovered around $20/MWh or around $0.02 per kWh. This equates to an approximate $18 per month price premium for the average American home.
"This new pricing policy will significantly accelerate the construction of a modern power system and ensure the sustainable development of renewable energy," said Zhang Dayong, deputy secretary-general of the China Association for the Promotion of Industrial Development.
As shown in Figure 5, the national average levelized price (levelized over the full term of each contract) of wind PPAs in the U.S. topped out at $70/MWh in 2009 and dropped to $22/MWh in 2016 2.
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