China takes big step in electricity system reform

Last week, China released documents on electricity sector reforms covering everything from pricing to setting up a national electricity futures market.

Xinhua news reported, “The new pricing system, which was piloted in Shenzhen and Inner Mongolia early this year, will be expanded to Anhui, Hubei, Yunnan, and Guizhou provinces and Ningxia Hui Autonomous Region, according to one of the six documents jointly published by the National Energy Administration and the National Development and Reform Commission, China’s top economic planner.”

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