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20/10/2021 - The deregulation of the Chinese power sector has been an important objective for policymakers, but there weren’t any clear indications of what the next steps would be or a timeline for implementation.
That uncertainty may now have been cleared up with new regulations published by the NRDC, effective 15 October. The timing seems very much related to the ongoing coal supply issues and power supply shortages in most provinces.
These new regulations represent a large step in China’s power sector liberalization journey, with significant potential knock-on effects for its decarbonization goals as well.
Price reform
