Reuters - China will cut payments to wind and solar electricity generators for contributing power to the grid, the country's state planning commission said over the weekend, reflecting recent declines in operating costs.

Starting in 2016, on-grid tariffs for solar producers will be 0.02 to 0.10 yuan lower per kilowatt-hour — with the higher cuts applying in the country's less populated, arid western region — while tariffs for wind power generators will fall 0.02 to 0.03 yuan, the National Development and Reform Commission said in a statement.

The cuts, which were expected, are in line with a 0.03 yuan cut on Wednesday to on-grid tariffs for thermal power. Coal still fires more than 70% of China's power generation.  Cont'd...