First electricity trading centers open in Beijing and Guangzhou

The National Reform and Development Commission and the National Energy Administration announced on Tuesday the establishment of China's first electricity trading centers in Beijing and Guangzhou, Guangdong province, in a move to make power supply more efficient.

A joint statement from the two administrators said that the centers will mainly coordinate cross-province power trading and boost the consumption of clean energy.

The two major national power distribution companies - State Grid Corp of China and China Southern Power Grid - are based in Beijing and Guangzhou.