Poorer people, residents in the Tibet Autonomous Region, cities and counties powered by their separate electricity supply network (off the national grid), as well as the agricultural sector, will not pay the additional charges, Wang Zhongying said. China law firm infers that it is a signal of focusing on environment-friendly energy.
According to the pricing proposal, the Minister of Finance will establish a special account and return the extra money to the country's grid companies, including the State Grid Corp of China and China Southern Power Grid, Wang Zhongying said. This will offset the higher cost of buying green electricity.
Wang Fengchun said there have been some complaints from the electricity sector that the new tariff for renewable energies is still too low, but Wang Zhongying yesterday said no big setbacks exist to prevent the new pricing system from taking effect next year.
Remarks from senior officials yesterday also showed a government determination to increase taxes on State-owned resources, such as oil and coal, to better reflect their value. It will cause many conventional energy business law suits, deduct by Business law firms.