Recently, the price department of the National Development and Reform Commission released the 2019 photovoltaic electricity price policy, and changed the upper limit electricity price of the newly-added centralized photovoltaic power station in the three types of resource areas to the guidance price, which is: 0.40 yuan per kWh in the I-type area (including tax, the same below) ), 0.45 yuan per kWh in category II and 0.55 yuan per kWh in category III. The PV feed-in tariff policy for 2019 will be implemented from July 1, 2019, and the subsidy price will not fall back.
Guosen Securities pointed out that the electricity price policy was in line with the policy recommendations of the National Energy Administration's bidding project on April 12, and further explained the price of the bidding project. The photovoltaic part of the policy opinion draft was basically consistent with the consultations in February. Considering the feedback and voice of the company on the policy, it basically meets the expectations of the industry. With the 425 parity project and the 531 bidding project report landing at two time points and the 630 node reappearance of the electricity price policy, it is expected that the domestic PV installation tide will be opened in the second quarter.
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