China power producers test price ceiling in contracts after market reform

China’s power tariffs could test the upper limits this year as the government allows electricity producers and users to set their own trading prices to stabilise supply and prevent a repeat of blackouts last year.Rising volumes and higher-than-benchmark tariffs have been observed in the annual market trading contracts signed between generation companies (gencos) and end users for 2022, according Fitch Ratings, indicating an increase in tariffs this year, it added.China loosened its price…

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