Hebei Launches 2027 New Energy Mechanism Electricity Price Bidding

On October 21, the Hebei Development and Reform Commission issued the Notice on Matters Concerning the 2027 New Energy Mechanism Electricity Price Bidding.

For the Hebei South Grid mechanism electricity volume, the total scale is 30.336 billion kilowatt-hours, of which wind power accounts for 19.781 billion kilowatt-hours and solar power accounts for 10.555 billion kilowatt-hours.

For the Jibei Grid mechanism electricity volume, the total scale is 29.674 billion kilowatt-hours, of which wind power accounts for 21.128 billion kilowatt-hours and solar power accounts for 8.546 billion kilowatt-hours.

The bidding upper and lower limits for both wind power and solar power in the Hebei South Grid and Jibei Grid are set at 0.2 to 0.36 yuan per kilowatt-hour.

The minimum bidding declaration adequacy ratio for both wind power and solar power is 125%.

For the mechanism electricity volume ratio, the upper limit for a single project's mechanism electricity declaration ratio is 80%.

Regarding the implementation period, wind power and solar power projects have implementation periods of 10 years and 12 years, respectively.

In addition, the average power generation utilization hours over the past three years for wind power and solar power projects in the Hebei South Grid are 2,218 hours and 1,153 hours, respectively. For the Jibei Grid, the average power generation utilization hours over the past three years for wind power and solar power projects are 2,070 hours and 1,311 hours, respectively.

Compared with Hebei's 2026 Document No. 136 bidding document, the mechanism electricity volume scale in the Hebei South Grid has slightly increased by 4%, while the Jibei Grid mechanism electricity volume has declined significantly by about 17%. The lower limit of the mechanism electricity price remains unchanged, while the upper limit has generally declined. In addition, the effective utilization hours for wind and solar power have also been generally reduced by 30 to 80 hours.

Details are as follows: Compiled by the China Electric Power News WeChat public account from the Hebei Development and Reform Commission.