This month China flipped the switch on a new electricity pricing model that treats all businesses as favorably as large industrial users while continuing to subsidize costs to residential and agricultural customers. The changes are intended to bring fairer and more transparent rates as well as more efficient distribution throughout the world's largest power grid.
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China changes pricing model for world's largest power grid
Move aimed at making electricity prices more reasonable and fairer
The nation established the "cost plus reasonable profit" principle for calculating power transmission and distribution fees in a notice released in May. © Reuters
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