Beijing struggling to fulfil its vow to reform power pricing

Beijing's decade-long attempt to change its electricity pricing system, from one set by bureaucrats to one based on demand and supply, has made little headway.

The effort, first spearheaded by former Premier Zhu Rongji, has been hampered by insufficient political courage to open the market to price competition and let end-user electricity prices reflect the true cost of energy production and distribution, analysts said.

via Business feed http://www.scmp.com/business/commodities/article/1148807/beijing-struggling-fulfil-its-vow-reform-power-pricing