Guangdong Starts Electricity Sales Pilot Involving Open Bidding

(Beijing) – Guangdong has launched an experiment in the direct sales of electricity in a bid to reform pricing and boost usage.

Late last year the southern province started to allow large industrial consumers of electricity and generators to determine the price together through open bidding. The move gained nationwide attention since it dealt with the nation's rigid power pricing mechanism. It was designed to minimize resistance from monopolistic state power grid.