The news learned that the State Grid Corporation of China issued the announcement on the allocation of the first renewable energy electricity price additional subsidy funds in the 2022 annual budget (hereinafter referred to as the announcement) on July 15. According to the announcement, for the first time in the 2022 annual budget, the Ministry of finance is expected to allocate a total of 39937.19 million yuan of the company’s annual renewable energy electricity price additional subsidy funds, including 10518.09 million yuan for wind power generation, 26067.37 million yuan for solar power generation, and 3351.73 million yuan for biomass power generation< Br > < div class= "contheight" > < / div > the State Grid said that the company has completed the first subsidy fund request procedure of the 2022 annual budget to the Ministry of finance. After receiving the payment allocated by the Ministry of finance, various projects included in the subsidy catalogue or list and meeting the settlement conditions will be transferred in time and in full< Br > < div class= "contheight" > < / div > according to the allocation principle and sequence of subsidy funds, the first to third batch of projects in the national photovoltaic poverty alleviation catalogue (poverty alleviation capacity part) and natural person distributed projects with an installed capacity of 50KW and below will be allocated in full priority; Give priority to fully allocate the photovoltaic projects determined by bidding in 2019 and the new projects that meet the allocation conditions determined by the principle of “payment based on revenue” in 2020 until the end of 2021; For photovoltaic “leader” projects determined by the state and village level photovoltaic poverty alleviation projects approved by the state and constructed by local governments with reference to central policies, priority should be given to ensuring 50% of the subsidy funds payable by the end of 2021; For other power generation projects, the subsidy funds payable from the date of grid connection to the end of 2021 shall be allocated in equal proportion< Br > < div class= "contheight" > < / div > the renewable energy electricity price additional subsidy fund is a government fund established by collecting funds from the electricity price in the form of additional funds in accordance with the requirements of the renewable energy law to support grid enterprises in acquiring renewable energy power generation such as photovoltaic, wind power, biomass, etc. Renewable energy power generation projects that enjoy the additional subsidy funds of renewable energy electricity price need to comply with the national plan and be included in the national scale management, comply with the electricity price policy, and generate electricity on the grid as required< Br > < div class= "contheight" > < / div > in the process, projects included in the subsidy list apply to the power grid enterprise in the region where the project is located. Among them, projects within the business scope of State Grid and China Southern Power Grid apply to State Grid and China Southern Power Grid. For projects within the business scope of the local independent power grid, the local independent power grid shall apply to the provincial financial department. The State Grid, China Southern Power Grid and provincial financial departments shall apply for subsidy funds from the Ministry of Finance after summarizing the application requirements of each project. In accordance with the principle of “determining expenditure by revenue”, the central finance issues the annual budget of subsidy funds according to the annual income, and the power grid enterprises allocate them to various projects in order of priority< Br > < div class= "contheight" > < / div > in late June this year, the central budget and final accounts public platform of the Ministry of Finance disclosed the notice on Issuing the local fund budget for renewable energy electricity price supplementary subsidy in 2022, which issued a renewable energy subsidy fund of 2.75496 billion yuan. Among them, wind power is 147061 million yuan, photovoltaic is 1254.5 million yuan, and biomass is 28.9 million yuan. In 2022, the Ministry of Finance issued two batches of subsidy funds to local power grids, totaling 6.7194.6 billion yuan. The above subsidies cover Shanxi, Inner Mongolia, Jilin, Zhejiang, Hunan, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Gansu, Qinghai and Xinjiang. In terms of amount, Inner Mongolia received the most subsidies.