BEIJING, Jan. 3 China needs to adopt a feed-in-tariff system of prices to meet its wind power goal of 30,000 megawatts by 2020, experts say.According to experts at a Beijing conference on wind power, China's current pricing system is based on public bidding. A shift to a new system might motivate investors' interest in renewable energy, China Daily reported.The price volatility and uncertainty caused by the current regulation harms foreign and domestic private manufacturers and developers, who are discouraged by a pricing pressure they cannot sustain, said Arthouros Zervos, chairman of the Global Wind Energy Council. Relatively high costs and low electricity prices are cited in a GWEC study as the main reasons for the stall in major growth in China's wind power market.Investors in Chinese wind power were disappointed by the wind power pricing regulations that resulted in low prices from the bidding instead of expected higher prices.The bidding system is sensible in line with the market rule, said Li Junfeng, secretary-general of the Chinese Renewable Energy Industries Association. But many wind power industry players did not make good use of this rule.Experts from the conference said that proposed amendments to the pricing policy will focus on creating a more equal playing field for all investors. In their October report, GWEC, CREIA, and Greenpeace called on the Chinese government to change the pricing policy to one that is government regulated.Copyright 2007 by UPI
