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The number of initial jobless claims in the United States for the week ending December 27 will be released in ten minutes.On December 31st, it was announced that Shenzhen will fully launch subsidies for vehicle scrapping and replacement, vehicle trade-in, six types of home appliances for trade-in, and four types of digital products for purchase starting January 1st, 2026. For vehicle scrapping and replacement, the maximum subsidy is 20,000 yuan for new energy vehicles and 15,000 yuan for gasoline vehicles. For the purchase of new energy passenger vehicles, the maximum subsidy is 15,000 yuan, and for gasoline passenger vehicles, the maximum subsidy is 13,000 yuan. For the six types of home appliances, a subsidy of 15% of the products sales price will be provided, with each consumer eligible for one item per type, and a maximum subsidy of 1,500 yuan per item. For the four types of digital and smart products for purchase, a subsidy of 15% of the products sales price will be provided, with each consumer eligible for one item per type, and a maximum subsidy of 500 yuan per item.Futures News, December 31st: Asian diesel supply is ample while demand is weak, suggesting further downside potential for Singapore diesel prices in the short term. Domestic diesel demand is entering a seasonal decline, with a predominantly bearish sentiment. While domestic diesel prices are expected to fall further in the short term, high procurement costs will provide support, potentially limiting the decline compared to Singapore prices. Therefore, short-term diesel export arbitrage will likely remain low or even inverted.December 31st - In recent years, the central government has introduced numerous policies to reduce or adjust real estate taxes, covering three major taxes: deed tax, personal income tax, and value-added tax. According to calculations by the Shanghai E-House Real Estate Research Institute, the implementation of these tax reduction policies could reduce housing transactions nationwide by approximately 100 billion yuan annually. From the perspective of homebuyers and sellers, these tax reductions are not merely symbolic discounts of a few thousand yuan for ordinary families; they represent substantial cash relief ranging from 100,000 to 500,000 yuan. For homebuyers in first-tier cities looking to upgrade their homes, the tax reduction could even cover two to three years worth of living expenses.On December 31, the Shenzhen Branch of the Peoples Bank of China disclosed an administrative penalty notice, stating that Shenzhen Rural Commercial Bank was warned and fined for violating account management regulations and financial statistics regulations. In response, a representative of Shenzhen Rural Commercial Bank told the Securities Times that the administrative penalty notice was a result of the Shenzhen Branch of the Peoples Bank of Chinas handling of issues discovered during an inspection prior to November 2022. The bank took this matter very seriously, earnestly implemented all regulatory requirements, and optimized relevant processes and systems in 2023, completing the rectification. The bank has learned a profound lesson and will continue to strengthen internal control and compliance, regularly review processes and systems, adhere to the principles of compliant operation and prudent development, effectively prevent risks, and continuously improve its operational management level and service quality.

In the United States, solar costs increased by more than 8 percent in the second quarter

Charlie Brooks

Jul 15, 2022 10:35

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According to a research published late on Wednesday, solar energy prices in the United States climbed by 8.1% in the second quarter as a result of an investigation by the Commerce Department into tariffs on Southeast Asian products and growing input costs.


According to a quarterly index that analyzes renewable energy transactions and is collected by LevelTen Energy, the increase amounted to a remarkable 29.7 percent increase in the overall price of wind and solar contracts, also known as power purchase agreements (PPAs), compared to the previous year.


Compared to the previous year, the cost of solar PPAs has climbed by 25.7%.


Since the Russian invasion of Ukraine, economic, logistical, and labor market problems caused by the coronavirus outbreak have intensified, undoing a decade of renewable energy industry cost reductions.


Wind contract expenditures grew by 2.5% during the quarter and have grown by 33.7% annually. Third-quarter wind energy costs in the Southwest Power Pool (NASDAQ:POOL) jumped by 16 percent due to a lack of transmission capacity. Some of the nation's most windy regions, including parts of Nebraska, Oklahoma, and Texas, are served by the grid operator.


LevelTen claimed that it was too soon to evaluate whether or not the decision by U.S. President Joe Biden in early June to waive tariffs on solar panels from the four Asian countries included in the probe for two years will alleviate some of the cost pressure.


In a survey of fifty developers conducted by the firm, around one-third responded that they wanted additional assurances that tariffs would not be applied retroactively if the Commerce Department were to implement them after the two-year wait.


LevelTen reports that the rising cost of wind and solar contracts for corporate and utility buyers has mirrored the rising cost of natural gas-related wholesale energy prices.