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the latest developments in national power rationing

DATE:2021-10-18
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Recently, the National Development and Reform Commission issued an important document. In this “Notice on Further Deepening the Market-oriented Reform of Coal-fired Power Generation On-grid Tariff”, it clarified the market-oriented electricity price mechanism that “can fall but rise”. Starting from October 15th, the on-grid electricity price for coal-fired power generation will be liberalized in an orderly manner. In principle, the upward and downward fluctuations will not exceed 20%. The market transaction price of high-energy-consuming enterprises will not be subject to the 20% upward limit, and the spot price of electricity will not be limited. The above range limit.

The content of this important document, in simple terms, is that the production and electricity costs of some companies will increase, especially the price of electricity for some high-energy-consuming companies.

                                         
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