NDRC will continue to set energy prices

Energy prices in China will continue to be set by the National Development and Reform Commission (NDRC) despite the creation of a new National Energy Bureau under it during the recent National People's Congress (NPC), the South China Morning Post reported. Zhang Guobao, the National Energy Bureau's new chief, said at an economic forum in Beijing that the new office "should not seek to participate in the pricing of energy," though it should make proposals on price adjustments. Zhang said it should also consult with the NDRC's price bureau if it wished to adjust energy prices. He added that details on how power will be shared by the agencies is still under discussion. A much-talked about energy "super-ministry" that would oversee all aspects of energy pricing and policy failed to materialize during the NPC.

---

Write a letter to the editor about this article(please reference article title in the headline)

Discuss this article on China Economic Review's LinkedIn group (you must be a LinkedIn member to participate)