China locks in provincial electricity prices and demands more data from grid operators

China's top economic planner just set new electricity transmission and distribution prices for its provincial power grids. These prices will dictate how much grid companies can charge for moving power for the next several years, and they must now report detailed financial and operational data annually.

China updates how much its provincial power grids can charge for moving electricity. These prices affect every business and household in the country. Grid companies must now hand over detailed financial and operational data every year. This gives regulators more information to set future prices and guide investment in the power system.