NDRC Document 136 (09.02.2025): PV/wind commissioned from 01.06.2025 lose fixed feed-in tariff → annual CfD auction per province + spot-market remainder. For the first time creates a direct-marketer role similar to Trianel in Germany. As of 15.10.2025: only 18 of 31 provinces have finalised plans. Negative prices in Shandong since March 2023, extended to Zhejiang and Mongolia in 2025. Solar avg selling price April 2025: 0.02 CNY/kWh vs coal benchmark 0.35-0.45 CNY/kWh. SGCC SCADA proprietary — IPPs avoid public confrontation with state monopoly. Stromfee market potential huge, market entry via JV with local partner mandatory. DE-Version · EN version