Electric Power ›› 2018, Vol. 51 ›› Issue (1): 10-15.DOI: 10.11930/j.issn.1004-9649.201711268

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Cost Analysis and Policy Suggestions of China's New Energy Development

ZHANG Yunzhou, HUANG Bibin   

  1. State Grid Energy Research Institute Co., Ltd., Beijing 102209, China
  • Received:2017-10-25 Online:2018-01-05 Published:2018-02-28
  • Supported by:
    This work is supported by Science and Technology Project of State Grid Corporation of China (No.XM2017040034425).

Abstract: Sustainable development of new energy relies on technical advancement and cost reduction to reduce subsidy dependence. Government also set target that wind power reaches grid parity on distribution side and solar power reaches grid parity on customer side in 2020. Based on analysis of China's new energy power generation cost, including historical changes and future trends, new energy power generation cost in 2020 and 2030, as well as situation of future grid parity, are predicted. The result shows wind power in “Three North” will reach grid parity on distribution side and solar power in east central China will reach grid parity on customer side in 2020. LCOE for solar PV is expected to be lower than wind generation in 2030. With consideration of existing critical problems, several policy suggestions to promote sustainable development of new energy in China are also proposed.

Key words: new energy, LCOE, grid parity, policy suggestion

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