China's top economic planner on Tuesday announced an improved pricing mechanism for coal-fired power to deepen market-oriented pricing reform in the sector.

10月12日，国家发展改革委印发 关于进一步深化燃煤发电上网电价市场化改革的通知　。

The floating range of the market-based electricity transaction prices are adjusted in principle to a range of 20% fluctuation in either direction, compared with the current ceiling of 10% and floor of 15% from the benchmark price, said the National Development and Reform Commission (NDRC).

The market transaction prices of coal-fired electricity for high energy-consuming enterprises are not restricted by the ceiling of 20% upward fluctuation.

通知　明确，将燃煤发电市场交易价格浮动范围由现行的上浮不超过10%、下浮原则上不超过15%，扩大为上下浮动原则上均不超过20%，高耗能企业市场交易电价不受上浮20%限制。

All local governments should give priority to the supply of low-cost power for residents and agriculture, said the NDRC.

地方政府应保持居民、农业用电价格稳定。

This will help give full play to the role of the market so that electricity prices can better reflect the supply and demand relationship, as well as the cost changes, said NDRC official Peng Shaozong.

The new rules will also encourage high energy-consuming enterprises to increase investment in technological transformation, improve energy utilization efficiency, and promote the transformation and upgrading of the industrial structure, he said.

国家发展改革委官员彭绍宗说，这有利于更好发挥市场机制作用，让电价更灵活反映电力供需形势和成本变化，同时还将促进高耗能企业加大技术改造投入、提高能源利用效率，推动产业结构转型升级。

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