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Governments and policies

Shakeup in works for electricity market

The electricity market will be overhauled by easing State controls and promoting competitive pricing, a website covering clean energy reported on Monday. The power grid and retail electricity sales channels will be opened to private companies, according to a document from the State Council (cabinet) re-posted on NE21.com. Calls and a fax to the council's information office were not returned. Electricity rates are now fixed, power plants run at the discretion and direction of the government and investments in State-run enterprises are guided by central planners.