Tuesday 19 October 2021
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scmp - 7 days ago

China’s power crisis prompts Beijing to liberalise electricity pricing

China’s top economic planning agency said on Tuesday it would liberalise pricing in the state-controlled power market to help resolve an electricity crisis that has caused rationing across more than half the country and threatens to weigh on economic growth.Under the reform, 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 …


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