NDRC will continue to set energy prices
25 March 2008
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.
Bookmark and Share:
- NDRC warns against fertilizer price rises
- China moves to cut food oil overcapacity
- NDRC will continue to set energy prices
- Wen to shake up cabinet posts
- Nuclear power capacity rising faster than expected
subscribe to the China Economic Review.