财新传媒
财新英文 > 要闻 > 正文

Cover Story: The Dilemma of China’s Power Market Restructuring

By Fan Ruohong and Han Wei
2022年11月07日 07:35
Drive to balance state control of electricity prices with market forces hits a $1.39 billion pothole in Zhejiang that officials can’t fill

After two decades of proceeding in fits and starts, China’s campaign to overhaul its electricity market — the world’s largest — hit a $1.39 billion pothole in September in eastern China’s Zhejiang province.

The Zhejiang energy bureau ordered companies generating and selling electricity to surrender millions of dollars of their revenue to ease surging power costs that were squeezing local businesses. That disrupted a push by the central government to give supply and demand a bigger role in determining prices in pursuit of a balance between state control and market power.

  [财新双语通产品,是为有双语需求读者专门订制的优惠产品, 按此可享超值优惠订阅。]

版面编辑:喻竹杨洋
财新网主编精选版电邮 样例
财新网新闻版电邮全新升级!财新网主编精心编写,每个工作日定时投递,篇篇重磅,可信可引。
订阅