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Electricity spot trading scheduled

China's top economic regulator will launch a pilot scheme to allow the spot trading of electricity in eight regions as part of long-planned reforms to liberalize the power market. The scheme will take effect in Guangdong, Zhejiang, Shanxi, Shandong, Fujian, Sichuan and Gansu provinces and the Inner Mongolia autonomous region, the National Development and Reform Commission said on its website on Tuesday. The new pilot program comes after the country previously allowed trading of long-term electricity contracts. The NDRC said spot trades will be launched by the end of 2018.