The Director of the Price Division of the National Development and Reform Commission said that he would consider adjusting the price of electricity at the appropriate time.

Guodian Group’s press release on September 8 revealed that Cao Changqing, director of the Price Department of the National Development and Reform Commission, said yesterday that he would pay attention to the current operational difficulties of power generation companies and would consider adjusting the electricity price policy in a timely manner.

Yang Haibin, deputy general manager of the group company, met with Cao Changqing when he said that from January to July this year, the source of Guodian's profits was mainly non-electrical industries such as coal. At present, the operation of its thermal power plants faces great difficulties, and the hydropower stations are facing certain operational pressures after they have reached full production. It is hoped that the NDRC will fully consider the practical difficulties of power generation companies.

In mid-June this year, Li Jing, deputy director of the Department of Resource Conservation and Environmental Protection of the National Development and Reform Commission, said that the NDRC was studying the adjustment of electricity prices, but did not disclose when it was introduced.

Since the first half of the year, the relevant government departments have investigated the cost pressures and operating pressures of the five major power generation groups. As coal prices have risen by more than 10% over the same period, domestic electricity prices are facing upward pressure. The increase in electricity prices will not only ease the cost pressure of power companies, but also limit energy consumption through price levers.

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