On December 22, the National Development and Reform Commission issued the "Notice on the Price Policy of Photovoltaic Power Generation Projects in 2018". For photovoltaic power plants put into operation after January 1, 2018, the benchmark electricity prices for Class I, Class II and Class III resource zones are from 2017. 0.65 yuan, 0.75 yuan and 0.85 yuan were reduced to 0.55 yuan, 0.65 yuan and 0.75 yuan per kWh, which was 0.1 yuan lower than the 2017 electricity price per kWh. Distributed photovoltaic power generation put into operation after January 1, 2018, for the "spontaneous use, surplus electricity online" mode, the full power subsidy standard is reduced to 0.37 yuan per kWh, 0.05 yuan lower than the current subsidy standard per kWh. 1513923174720524.png The detailed documents are as follows: Development and Reform Commission, Price Bureau, Energy Bureau, Poverty Alleviation Office of the provinces, autonomous regions and municipalities directly under the Central Government, State Grid Corporation, China Southern Power Grid Corporation, Inner Mongolia Power Company: To implement the Energy Development Strategy Action Plan of the State Council (2014-2020) "The new energy benchmarking on-grid tariffs are gradually declining, rationally guiding new energy investment, promoting the healthy and orderly development of the photovoltaic power generation industry, and deciding to adjust the 2018 photovoltaic power generation benchmarking tariff policy. The National Energy Administration of the People's Republic of China, the relevant matters are hereby notified as follows: 1. According to the current technological progress and cost reduction of the photovoltaic industry, reduce the on-grid tariff of PV power plants put into operation after January 1, 2018, Class I, Class II, Class III The on-grid tariff of the resource area is adjusted to 0.55 yuan, 0.65 yuan, and 0.75 yuan per kWh (including tax). Since 2019, the photovoltaic power generation projects that have been included in the annual scale management of financial subsidies have all executed the corresponding benchmark electricity prices according to the commissioning time. 2017122210540153.png 2. For distributed photovoltaic power generation projects that have been put into operation after January 1, 2018 and adopt the “spontaneous self-use and margin online” mode, the total electricity subsidy standard is reduced by 0.05 yuan, that is, the subsidy standard is adjusted to 0.37 yuan per kWh. (including tax). The distributed photovoltaic power generation project adopting the “full online” mode is executed according to the price of the photovoltaic power station in the resource area. The distributed photovoltaic power generation project is exempt from all kinds of government funds and additional, system backup capacity fees and other related grid-connected service fees levied with the electricity price. 3. The benchmark electricity price for village-level photovoltaic poverty alleviation power stations (0.5 MW and below) and the subsidy standard for household distributed photovoltaic poverty alleviation projects remain unchanged. 4. Each new energy power generation enterprise and power grid enterprise must record and preserve the information on the electricity, price and subsidy amount of relevant power generation projects on the basis of real and complete data, accept supervision and inspection by relevant departments, and submit relevant data to the 10th of each month. National Renewable Energy Information Management Center. The competent pricing departments at all levels shall strengthen the supervision over the implementation of new energy on-grid tariffs and the settlement of tariffs on electricity prices, and urge the relevant on-grid tariff policies to be implemented. V. Encourage local governments to carry out photovoltaic power generation in accordance with relevant national regulations, and eliminate the distribution price reform and market-based bidding pricing pilots, and gradually improve the mechanism for discovering prices through the market. 6. The above provisions shall be implemented as of January 1, 2018. Annex: 2018 National Photovoltaic Power Generation On-grid Price List National Development and Reform Commission December 19, 2017 Annex: 2017122211202756.jpg

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