Beijing Liberalizes Coal-Fired Power Prices To Combat Energy Crunch
Beijing said on Tuesday it would allow price fluctuations of power derived from coal-fired plants to improve the country's power market as shortfalls in power generation have sparked an energy crisis.
According to a notice from National Development and Reform Commission (NDRC), electricity prices generated by coal-fired plants will be permitted to rise and fall by 20%. That compares with the prior upside limit...
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