China will allow its floating electricity prices to rise further from October 15 to stabilize supply amid a shortage in the country, according to a notice released by the country's National Development & Reform Commission (NDRC), its top economic planner, on Tuesday October 12.
Electricity supplied to the national grid is priced using a formula that comprises a base price and a floating price, according to the NDRC.From October 15, the NDRC will allow the floating price to fluctuate by up...