Chinese provinces embrace reforms to give more leeway in power pricing

Published 11:28 on October 21, 2021  /  Last updated at 11:29 on October 21, 2021  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

Several Chinese provinces on Thursday moved to cancel fixed power prices for business and industrial customers in response to last week’s power market reforms aimed at easing ongoing electricity shortages, a move experts say is crucial for the market’s ability to accommodate a carbon price.

Several Chinese provinces on Thursday moved to cancel fixed power prices for business and industrial customers in response to last week’s power market reforms aimed at easing ongoing electricity shortages, a move experts say is crucial for the market’s ability to accommodate a carbon price.

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