Beijing has issued a central directive to dismantle the administrative walls dividing China’s electricity sector, signalling a decisive shift towards a unified national power market designed to support the country’s energy security and green transition.
A decade into its power-sector overhaul, China is doubling down on market unity during the just-started 15th five-year planning period. These structural shifts are widely seen as indispensable to the nation’s 2030 carbon-peak target, as the…
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