China liberalises electricity pricing to ease pressure on power generators, tackle power shortage

2021-10-12 2022-07-25

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China is liberalising electricity pricing in an effort to address the ongoing power shortage across more than half the country and threatens to weigh on economic growth.

Industrial and commercial users will buy electricity at market prices and a direct power purchasing scheme that keeps costs artificially low for big users will be abolished, the National Development and Reform Commission (NDRC), the country's top economic planner, said on Tuesday.

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