Adviser tells Beijing not to interfere in power tariffs

Beijing should stop meddling with coal prices and on-grid power tariffs, according to an academic and adviser to the National Energy Administration.

If mainland leaders want to protect the poor from the full brunt of coal and electricity price rises in the future, it should use the resource tax it collects from coal producers, together with a new special levy on producers when coal prices are high, to subsidise state-owned monopoly power distributors.

via Business feed http://www.scmp.com/business/china-business/article/1234110/adviser-tells-beijing-not-interfere-power-tariffs