The “Eleventh Five-Year Plan†for energy development announced by the National Development and Reform Commission on the 10th proposes to deepen structural reforms in the fields of coal, oil and gas, electricity, and renewable energy, and improve the energy price system.
During the “Eleventh Five-Year Plan†period, China will continue to promote coal companies to improve the modern enterprise system, reduce the burden on enterprises to run the society, and enhance their competitiveness. Improve the circulation system and establish a modern coal trading market.
China will gradually straighten out refined oil prices, increase the adjustment of natural gas prices, guide the rational use of oil and gas resources, and promote resource conservation and development.
China will consolidate the separation of power system reforms, speed up the separation of main and auxiliary power grid companies, advance the construction of regional power markets, continue to conduct direct trading pilots between large users and power generation companies, and steadily implement separation of transmission and distribution. We will deepen the reform of the electricity tariff system, improve transmission and distribution tariffs, and accelerate the promotion of bidding for the Internet.
During the “11th Five-Year Plan†period, China will formulate a renewable energy power generation quota system, improve the renewable energy power price preferential policies, and implement taxation policies that are conducive to the production and use of renewable energy.
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