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China's regulator strengthens oversight of natural monopolies in energy sector

( November 26, 2024, 09:39 GMT | Official Statement) -- MLex Summary: China's market regulator and energy supervisor have strengthened oversight of natural monopoly segments in the energy sector, according to a statement issued by the State Administration for Market Regulation. The initiative, jointly proposed by SAMR and the National Energy Administration, aims to use the decisive role of the market in resource allocation while better utilizing the role of government, with a focus on electricity price supervision. The two regulators will cooperate on various aspects, including policy alignment, joint inspections, information sharing, and will coordinate to ensure market order and industry growth....

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