The Price Department of China’s National Development and Reform Commission (NDRC) has stated that new solar and wind power projects will continue to be built on a parity basis in 2022 – parity with the coal power price benchmark – and that new projects will have the option of participating in the open market. This announcement may not cover residential solar, which wasn’t mentioned. Shares of power generating companies such as Star Power, Mindong Power, Huaying Power and Huadian International rose modestly with the news. China’s move to market-oriented electricity prices and a spot market has been on the cards since the country’s second power market reform began in 2015. The benchmark electricity price was allowed to “float” up by…