Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

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

TRENDING
China’s State Asset Overseer Appoints New Director
Ex-Moutai Chairman Ousted From Communist Party as Corruption Charges Loom
Two ‘Big 4’ Banks Expected to Open Wealth Management Units in June
LATEST
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
U.S. Companies and Consumers Pay for China Tariff Costs, IMF Says
Weibo Shares Slump After Q1 Revenue Growth Slows
Anxin Trust Questioned for Plunging Profits and Accounting Errors
Meituan Sees Strong Revenue Growth, Despite Drag From Mobike
DHL, Panasonic Deny Severing Huawei Ties
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Readies 600 Kph Maglev Prototype
Mercedes-Benz Makes it Easier to Trade in Defective New Cars in Wake of PR Nightmare
Shanghai Man Sentenced to Death for Child Murder
How to Find Illegal Lenders? Watch Who’s Taking Cases to the Courts
Pull the Brakes on New Gas Car Sales by 2030, Think Tank Tells Beijing
Hong Kong-Listed China Telecom Gets New Chief
Tencent Leads $250 Million Round in Chinese Travel Site Mafengwo
Cabinet Vows to Promote Debt-for-Equity Swaps to Relieve Debt
More Bidders Join the Race for $5.79 Billion Gree Stake
Regulators Halt High-Interest ‘Smart Deposits’: Sources
Ex-Moutai Chairman Ousted From Communist Party as Corruption Charges Loom
High-Tech Board Names and Shames Brokerage for Doctored Numbers
More Chinese Airlines Seek Compensation From Boeing Over 737 Woes
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
Copyright © 2017 Caixin Global Limited. All Rights Reserved.