Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

TRENDING
Huawei Posts Strong Revenue Growth Despite U.S. Export Ban
Tesla’s China Plant Is Hooked Up to State Grid Power Supply
Ant Financial Seeks Loan of as Much as $3.5 Billion at Lower Rate
LATEST
Tencent-Backed E-Book Platform Partners With Disney for ‘Star Wars’ Project
iQiyi Looks to AI to Force-Feed Ads to Viewers
Popular Walking App Accused of Financial Fraud
WeWork Putting the Brakes on China Push: Report
‘No New Progress’ on Zotye Joint-Venture With Ford
Qutoutiao’s Online Literature Unit Gets $100 Million Windfall
NBA’s China Crisis Has Already Caused ‘Substantial’ Losses, Commissioner Says
Northern China Aims to Curb Toxic Air Pollution by 4% This Winter
China’s Economic Growth Dips to New Nearly Three-Decade Low
Tesla’s China Plant Is Hooked Up to State Grid Power Supply
Didi Pushes Further Into Latin America With Eye on Costa Rica
Homeowners Demand Refunds After Developer Cuts Prices
Controversial WeChat Public Account Operator Eyes High-Tech Board IPO
Burgeoning Online Marketplace in Crisis After Luring New Shoppers With Merchants’ Money
Huawei Posts Strong Revenue Growth Despite U.S. Export Ban
Ant Financial Seeks Loan of as Much as $3.5 Billion at Lower Rate
China Freezes Some Social Media, Mobile Payment Accounts in Myanmar Cross-Border Fraud Crackdown
Popular Translation App Youdao Downsizes New York IPO
Popular Alibaba-Backed Social E-Commerce App Returns After Months-Long Absence
Cheap-Phone Maker Realme Eyes Upscale Turn With Pricey New Handset
Power Grids Face Stricter Price-Setting Oversight

By Cheng Xuewan and Han Wei / Apr 24, 2019 02:06 AM / Business & Tech

Photo:IC

Photo:IC

China’s top economic planning body issued a draft policy Monday that would put power grids’ charges for electricity transmission and distribution under stricter scrutiny. The policy is designed to bring down electricity prices as part of a nationwide reform of the power industry.

Under a draft document proposed by the National Development and Reform Commission (NDRC), power grids would be barred from including nonbusiness-related costs in power transmission charges.

China kicked off the latest round of power reform in 2015. An inspection carried out by the NDRC later that year found that power grids overcharged customers by more than 128.4 billion yuan ($19 billion) that year.

The document lists several types of business costs that should not be included in power grids’ charges, including power-sales costs, maintenance costs for power storage facilities and operational costs of noncore businesses and subsidiaries such as hotels, offices and employee health-care services.

The commission is collecting comment on the new policy. It is unclear when it would be released.


Share this article
Open WeChat and scan the QR code