China Said to Mull Bigger Cut in Solar Prices in Some Regions
- NDRC may cut solar power prices by 13% from 2016 level
- Average panel prices have plunged 26% in the past year
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China may cut the amount of money that solar power generators receive for electricity by more than previously planned, according to two people familiar with the matter.
The National Development and Reform Commission may reduce tariffs for solar farms in regions that receive the least amount of sunlight by about 13 percent in 2017 from the 2016 level of 0.98 yuan (15 cents) a kilowatt-hour, said the people, who asked not to be identified because the information isn’t public.