Former director of energy research center of the National Development and Reform Commission;Vice director of China Energy Research Society
"The price of electricity should be adjusted more frequently, following the volatility of coal's price."
Zhou said it is better to adjust frequently than try to solve the problem at one time when it has become severe.
According to him, since the State Electricity Regulatory Commission has urged the grid companies to raise the purchasing price as a subsidy to the generation company, it should also allow the grid company to raise the energy retail price in order to protect the grid companies from loss.
Zhou said developed countries also adjust their electricity prices frequently based on the performance of the commodity markets.
Columnist of Economic Daily
"Opening the electricity market and allowing the price rising will lead to more severe inflation."
Yu said the high price of electricity and oil is a vicious circle where high oil prices have caused the a rise in coal pricing due to an increase in transportation expenses. A higher electricity price will cause higher oil prices since the production cost rises.
Yu said the government should lower the oil price in order to relieve the energy shortage this summer.
He said it is not a good time to raise the electricity price although it might be reasonable for the industry. He said the macro economy situation should be the first consideration.
Professor of China University of Political Science and Law; Independent director of Huaneng Power International Inc.
"China should open its electricity market as soon as possible, although there are some problems which might delay a complete opening such as the monopoly of the grid companies. However, it is worth a try to partially open. "
Liu said the electricity price should be decided by market and not the National Development and Reform Commission.
An open market can prevent the loss for electricity generation companies. At the same time, the government could promote direct purchasing; big electricity consumers could negotiate directly with the generation companies to determine a price and make a deal. They could then entrust the grid to pipeline the electricity.
Liu said among the emerging markets, China's electricity price is comparatively low which has caused many problems with economic growth.
Vice chief economist of the energy institution of the State Grid Corp; Director of strategic planning institution of the State Grid Corp
"Opening the electricity market is not pragmatic and cannot solve the problems that caused the energy shortage."
Bai said the current energy shortage is mainly regional. Not only because demands from some particular provinces suddenly jumped this year, but also the grids' hardware is not efficient enough to transport the redundant electricity from one province to its neighbor province on time in the case of a shortage.
Bai believes an open market can only solve the short term price troubles, but will leave the hardware problem.
High priced coal has made many power stations stop generating. On the other hand, since the rain season hasn't come, there is little support from the hydro power of rich water source regions. Bai said it will be hard to let grids of different regions work in cooperation if the hardware problem still exists.
Chief information officer of China5e.com
"The electricity prices need to be adjusted since many power stations are not willing to generate now because the more they work, the more they lose. "
The National Development and Reform Commission has raised prices for some districts; some are charged up to 0.26 yuan ($0.04) more for one kilowatt-hour.
Han said the electricity shortage this summer was caused by demands for energy jump from some particular provinces like Jiangsu province, which need 15 percent more energy.
Han said small-pace adjustment cannot help the electricity generation companies since the price of coal grew much faster due to high transportation expenses.
He said the growth of some high energy consuming industries strained the energy supply in the most recent summer. It is better to let the provincial government talk with power companies about the price which may help the government to cut off their outdated production capacities.
Chief information officer of China5e.com
"A completely opened market may cause the hyperinflation on energy."
Han said China had tried the "coal-electricity price linkage mechanism", which allowed the electricity price follow the growth of coal price. The results came as prices rose.
Han said it is crucial to get local governments involved in the building of regional grids and the price making process.
Because local governments don't invest in the grids now, they don't have the motivation to avoid high energy consuming programs, he said. He also said in developed countries, the electricity price usually is decided by the energy suppliers and consumers.
It needs the central government to give the pricing power to the local governments. Also, it needs to reform the State-owned grid system into a shareholding system.