China raises cap for floating power rates to stabilize supply

China will allow its floating electricity prices to rise further from October 15 to stabilize supply amid a shortage in the country, according to a notice released by the country’s National Development & Reform Commission (NDRC), its top economic planner, on Tuesday October 12.

Electricity supplied to the national grid is priced using a formula that comprises a base price and a floating price, according to the NDRC. From October 15, the NDRC will allow the floating price to fluctuate by up...

Published

Jessica Zong

October 12, 2021

06:45 GMT

Shanghai