26-October-2021
Corporate News
 
Energy crisis: China goes for 'boldest' power pricing reform in decades
13-Oct-2021

China said on Tuesday it will allow coal-fired power plants to charge some customers market-driven prices for electricity, as a worsening energy crisis persuaded authorities to rush through their boldest reform of the power sector in decades. Responding to shortfalls in power generation brought on by shortages and record high prices for coal, the government has taken a range of steps to boost coal production and manage electricity demand at industrial plants. To help power companies pass on the high costs of coal, the National Development and Reform Commission (NDRC) said that all electricity generated by coal-fired plants would be priced via market trading “in an orderly manner” from October 15. It also instructed commercial and industrial users to buy direct from the market or via agents over the grid “as soon as possible”.

News Source:- https://www.business-standard.com/article/international/energy-crisis-china-goes-for-boldest-power-pricing-reform-in-decades-121101300049_1.html