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China vows to keep prices stable, promote electricity market reform

• Sunday, September 29, 2019
• Source:ferro-alloys.com

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• Keywords:China, electricity market reform

[Ferro-Alloys.com]  The country should pay more attention to applying market-oriented methods to keep overall price levels for the year within a reasonable range, according to a statement released after a State Council executive meeting.

 

The meeting decided to promote market reform of electricity transactions and reduce the cost for enterprises on power consumption.

 

From Jan. 1, 2020, China will abolish the mechanism of coal-electricity price linkage, and the power price will be decided on by the power generation companies, power sales companies and power consumers through negotiations or bidding, according to the meeting. (Xinhua)

 

 

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• [Editor:kangmingfei]