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China Requires Utilities to Buy All the Electricity Generated By Renewable Energy Companies

This weekend the main Chinese legislature adopted an amendment to the renewable energy law, requiring that utilities must buy all the electricity produced by renewable energy generators. Utilities refusing would be fined up to an amount double that of the economic loss of the renewable energy company.
The big question is: for how much? Whether this would create a boom in renewable energy in China will depend on how much money companies could earn in the sales. So far, this figure is not in the news reports. This amount paid per kilowatt-hour produced is the key to the success or failure of Feed-in Tariffs to generate more renewable energy.