NDRC to raise power price, but cap coal

BEIJING, CHINA - China will raise the average sales price of electricity starting from July 1, the National Development and Reform Commission (NDRC) announced on June 19.

According to the NDRC, the average sales price of electricity at the provincial grid level will rise $0.0036 per kilowatt-hour or 4.7% on average, except in the Tibet Autonomous Region.

In order to reduce the impact of rising costs, the price for residences, and agricultural- and chemical-fertilizer-production bases will not be adjusted for now. The price of electricity will not be adjusted in areas that suffered heavy losses from the major quake in Sichuan, Shaanxi and Gansu.

The NDRC also made adjustments to the structure of electricity price, including the implementation of a regulated price in urban and rural areas, between industrial and commercial users, as well as by voltage level.

In order to avoid alternating price hikes, and to promote stable development in the coal and power sectors, the NDRC decided to implement a temporary price control on power coal from now until December 31.

During this period, the pithead price of power coal for power generators, regardless of whether it is included in the scope of supply of key power coal contracts, will not exceed the maximum limit based on the actual settlement price determined June 19.

The NDRC has requested that the provincial price authorities should carry out measures, such as fixed prices, to control expenses in circulation intermediaries in order to stabilize the market price of coal power, not included in the supply scope of key power-coal contracts.

Related News

texas electricity reforms

Texas Weighs Electricity Market Reforms To Avoid Blackouts

HOUSTON - The Public Utility Commission of Texas is discussing major reforms to the state’s electricity market with the purpose to avoid a repeat of the power failures and blackouts in February 2021, which led to the death of more than 100 people and left over 11 million residents without electricity for days.

The regulator is discussing at a meeting on Thursday around a dozen proposals to make the grid more stable and reliable in case of emergencies. Proposals include paying power generators that are on standby when the grid needs backup, and requiring companies to pre-emptively buy capacity to meet…

READ MORE
U.S. Ends Support for Ukraine’s Energy Grid Restoration

U.S. Ends Support for Ukraine’s Energy Grid Restoration

READ MORE

Electricity turns garbage into graphene

READ MORE

canadian grid power lines

State-sponsored actors 'very likely' looking to attack electricity supply, says intelligence agency

READ MORE

Federal government spends $11.8M for smart grid technology in Sault Ste. Marie

READ MORE