China is stepping up reform of the power sector by allowing major consumers to choose their own suppliers, Shanghai Securities News reported Wednesday, citing an unnamed official. Grid operators will be required to gradually stop selling electricity. Users will be allowed to negotiate prices with their chosen suppliers and will no longer be subject to state-mandated price ceilings. The National Energy Administration will pick 10 provincial power grid companies for the scheme. They will be encouraged to manage their own financial affairs. The reform is expected to lower electricity prices for consumers, the report said.
– Contact HKEJ at [email protected]