Development and Reform Commission: Launching a pilot project for bidding on electricity

The person in charge of the Price Division of the National Development and Reform Commission recently stated that China will deepen the price reform of resource products, select some areas where power supply and demand are relatively loose, and launch trials for online bidding. The price lever will be used to encourage and guide private investment by deepening the price reform of resource products, according to the principle of compensation cost and reasonable income, and formulating and improving urban water supply, gas supply, heating, and public transport prices.

The person in charge of the Price Division of the National Development and Reform Commission recently stated that China will deepen the price reform of resource products, select some areas where power supply and demand are relatively loose, and launch trials for online bidding. Encourage the development of direct transactions with power generation companies in compliance with national industrial policies, transformation of economic development methods, and non-energy-intensive enterprises with a certain scale.

The responsible person of the Development and Reform Commission's Price Division said in an interview with the media that China will also establish a natural gas price formation mechanism that reflects the degree of resource scarcity and market supply and demand; in accordance with the principles of compensation cost and reasonable return, it will implement government-guided pricing for private non-governmental water conservancy projects and promote Private capital develops in the field of resources and energy. The price lever will be used to encourage and guide private investment by deepening the price reform of resource products, according to the principle of compensation cost and reasonable income, and formulating and improving urban water supply, gas supply, heating, and public transport prices.

According to the person in charge, China will also formulate affordable housing prices rationally based on the principle of compensation costs and reasonable returns; improve the special railway tariff policy; implement price policies that encourage social treatment of doctors and mobilize private capital to participate in investment operations. We will increase the intensity of fee reductions for enterprises, abolish unreasonable charging items, and reduce the high fees; strengthen the management of monopoly business service prices, regulate the behavior of business services involving administrative licensing and compulsory access, and establish a long-term mechanism for toll collection supervision. Standardize the price behavior of financial services and optimize the price environment for business development.

The pricing policy proposed by the Development and Reform Commission's recently issued "Implementation Opinions on Using Price Lever to Encourage and Guide the Development of Private Investment" covers not only the prices of resource products such as electricity, natural gas, and water conservancy projects, but also the urban water supply, gas supply, and heating. Public utilities such as public transport, public housing, railways, and medical care, which are closely related to the lives of the people, have also emphasized the reduction and exemption of fees for enterprises, standardizing the price behavior of financial services, and strengthening price supervision.