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Renewable energy additional tariff may be doubled with 10 billion financial assist per year

Renewable energy gets in a new development period once again. Huang Shao, deputy director of Price and Financial Supervision Department of State Electricity Regulatory Commission, saidthe current renewable energy additional levy standard is too low to meet the development needs of future renewable energy projects. The renewable energy tariff will be increased from 0.4 cent (0.004 yuan) per kWh to 0.6 cent, even to 0.8 cent next two years.