China to push forward energy price reform
China will proceed with energy price reform in "a vigorous and steady way," says a white paper published on Wednesday by the Information Office of the State Council.
The paper, titled "China's Energy Conditions and Policies," says China will gradually establish a pricing mechanism that can "reflect resource scarcities, changes in market supply and demand, and environmental costs."
The paper says that the price mechanism "is the core of the market mechanism."
It says that China has driven electricity tariff reform to ensure that generation and selling prices are eventually established through market competition, with transmission and distribution charges supervised and controlled by the state.
China has also extended coal price reform to achieve full market pricing, the paper says.
The white paper says China has gradually improved oil and natural gas markets so that prices quickly reflect changes both in world markets and domestic supply and demand.
Faced with fuel shortages, China raised gasoline, diesel and jet fuel prices by nearly 10 percent in late 2007 to boost supplies but its wholesale gasoline prices are still below the international average.
This means the government must continue offering large subsidies to refineries to cover the losses they incur by selling oil at state-fixed prices. Government subsidies to Sinopec, the nation's largest refinery company, reached 1.2 billion U.S. dollars in 2005 and 640 million dollars in 2006.Views:0
- Top Ten Sales in New Energy Light-duty Trucks in October 2021-11-29
- BYD to Send 28 New Energy Vehicles to Laos 2021-07-26
- Skywell Lay Foundation Stone for Its Intelligent Manufacturing Base in Hohhot 2020-08-05
- JAC Wins Awards at the 12th China International Energy Conservation Competition 2019-12-27
- Sichuan JAC Realize Production in New Energy Light Trucks 2019-12-26
- NEVC-Foton New Energy Intelligent Vehicle Lab Established in Weifang 2019-12-20
- SHACMAN New Energy Refrigerated Trucks Start Operation at Daxing Int'l Airport 2019-09-30
- Zhejiang Qinggu New Energy Auto Park Starts Construction in Deqing 2019-03-29
- Beiben’s First New Energy Prototype Rolls off the Production Line 2018-11-07
- BYD’s First Energy Storage Project in Poland Begins Operations 2018-10-24
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021