Energy Insider: New Rules to Regulate Commodity Price Indexes; Power Consumption Jumps in Southern China

In today’s Caixin energy news wrap: Southern Chinese provinces consume more power amid economic recovery and summer heat; state nuclear station builder receives more orders; and Sinopec plans to add renewable energy supplies in Fujian.

China issues new rules to regulate commodity price indexes

The National Development and Reform Commission (NDRC), China’s top economic planner, issued new rules on the management of price indexes for key commodities and services as the government steps up supervision of the commodity market. Taking effect Aug.1, the rules will standardize how price indexes are compiled, improve information transparency and ensure healthy development of the market, the NDRC said.