China to liberalise thermal power pricing to tackle energy crisis

By Reuters

China's state planner, the National Development and Reform Commission (NDRC), said on Tuesday it will fully liberalise pricing for electricity generated from coal and that industrial and commercial users will all have to buy from the market. The NDRC said, giving no specific time frame, that 100% of electricity generated from coal-fired power will be priced via market trading, up from 70% in the country now. Industrial and commerical users “as soon as possible” will have to buy directly from the market or via agents over the power grid, up from 44% of such users who currently buy direct from the market.

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