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China tightens oversight to ensure fair competition in power market

( November 11, 2024, 06:51 GMT | Official Statement) -- MLex Summary: China's energy regulator has announced further instructions to ensure fair competition in the electricity market, following recent inspections that revealed violations of trading rules and price collusion among some power entities. According to the announcement released by the National Energy Administration, the regulator stressed the need for compliant transactions, standardized offers, regular market monitoring and supervision to prevent exclusivity practices and unfair competition in power market. The statement targets power companies, market operators and management committees, including the State Grid Corporation of China, China Resources and the Beijing and Guangzhou power exchanges.The statement in Chinese follows:...

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