Photovoltaic transitional signals appear, policy warmth is coming!

Abstract Recently, 12 PV companies in the photovoltaic circle have participated in the news of the PV industry forum, which has attracted great attention from PV people. On the morning of the 9th, Sobi Photovoltaic Network article revealed more content in the symposium yesterday: the National Development and Reform Commission and other three ministries jointly issued a notice today, let the whole light...

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Recently, the photovoltaic industry broke the news of 12 PV companies participating in the PV industry forum, which caused great concern of PV people. On the morning of the 9th, Sobi Photovoltaic Network article revealed more content in yesterday's forum:

A notice issued jointly by the National Development and Reform Commission and other three ministries today made the entire photovoltaic industry boil.

The notice is clear and will be given a one-month buffer period for the PV New Deal on June 30th. The industry believes that this is a remedial policy for the "531" New Deal, which also means that the future PV policy is expected to pick up.

Household PV will implement the "630" electricity price policy

This "Notice on the Description of Matters Related to Photovoltaic Power Generation in 2018" clarifies three points:

1. The household photovoltaic project connected before May 31 and before June 30 will be included in the scope of distributed photovoltaic scale management supported by state subsidies. The standard on-grid tariff and electricity subsidy will remain unchanged. Financial subsidy of 0.37 yuan / kWh.

2. For the household-use natural person distributed photovoltaic project that has not been connected to the grid, it is clearly given a one-month buffer period for household PV.

3. For the general photovoltaic power station project on the ground, the ordinary photovoltaic power plant project that has been included in the scale of construction in 2017 and before, and put into operation before June 30 this year, implements the benchmark electricity price of photovoltaic power station in 2017, which is a competitive allocation project. , the on-grid price determined when competing configuration is performed.

Peng Yu, secretary-general of the China New Energy Power Investment and Financing Alliance, said that this policy mainly addresses the issue of project subsidy indicators for household PV connected to the grid before 531. Because the "531 policy" was effective on the day of the announcement, the loss of users PV investors who had been filed before 531 was relatively large.

Previously, China's PV price subsidy adjustment was usually based on June 30. The “6·30” rush to install the tide has become a common phenomenon in recent years. How to calculate the subsidy policy for the month between May 31 and June 30 this year has not been clear.

For ordinary terrestrial photovoltaic power plants, including commercial distribution of rooftops, the overall policy has not been loose. The follow-up policy will still focus on encouraging the subsidy. On the one hand, the cost of photovoltaic components continues to decline, and on the other hand, the overall renewable energy surcharge is unlikely to rise. The price reduction is still the current mainstream direction, and the policy transformation is basically non-existent.

After the "531" New Deal, photovoltaics entered the winter overnight.

May 31, 2018, is a very dark day for the photovoltaic industry. On this day, the new PV policy called “531 New Deal” was introduced in the industry. It is no exaggeration to say that the "531 New Deal" was introduced, and the photovoltaic industry entered the winter overnight.

The scale of the industry has been controlled and subsidies have fallen. This is the biggest killer of the "531 New Deal" this year.

Especially in the case of subsidies, the photovoltaic industry forcibly weaning has a huge impact. According to the “531 New Deal”, the distributed photovoltaic projects connected to the grid on May 31 can receive subsidies, and there is no subsidy for the grid connection after that.

On the first trading day after the release of the New Deal (June 4th), PV-related concept stocks in the A-share market have fallen, and the PV index ranked first in the day's decline. Since then, the PV index has been falling all the way, and the decline has reached 24.8% since June 4. Photovoltaic leading Longji shares and Tongwei shares fell nearly 40%.

Future PV policy is expected to pick up

On the afternoon of October 8, at the symposium on the photovoltaic power price policy organized by the National Development and Reform Commission, the notice had already been announced.

The focus of the symposium was on indicators and subsidies. In addition to the transitional subsidies identified in the Notice, issues related to current household PV indicators, 2019 PV indicators and subsidy standards, and subsidies for existing PV power plants were discussed.

A number of companies on the site have clearly stated that they can accept subsidies for landslides and reasonable price cuts, but they need to relax control over the scale. In addition, a large number of enterprises investing in large-scale photovoltaic power plants have mentioned the problem of subsidy arrears, and put forward their own demands in terms of payment cycle and payment ratio.

According to past practice, the policy documents on PV subsidy price adjustment are issued at the end of December each year, and the draft for comments is generally issued before and after the “11th”, and is officially issued after two months of consultation. This meeting focused on the issue of subsidy intensity in 2019. It is expected that the "2019 Photovoltaic Power Generation Project Price Policy Draft for Comments" will be issued soon.

Regarding the issue of photovoltaic indicators next year, it is certain that the country will still issue a certain scale of PV indicators in 2019 to support the healthy and orderly development of the photovoltaic industry.

The industry believes that this policy is a callback to the "531" PV New Deal brakes, and it is expected that the PV industry policy in 2019 will undergo no small changes.

First, subsidies will continue to decline, but the decline will slow down; second, subsidy prices and methods will be more flexible, and it is likely to be further developed to quarterly units; third, subsidy arrears will be clearly resolved.

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