US EditionWhy Are China's Summer Electricity Prices Soaring? the Shaanxi Power Exchange Issued a "Red Card" to Two Subsidiaries of State-Owned Huaneng Group. the Truth is...
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Newtalk News Recently, the Shaanxi Electric Power Exchange Center issued a rare and severe penalty, including a "red card" warning and credit deduction, against two subsidiaries of the state-owned enterprise Huaneng Group for allegedly colluding in bilateral power market transactions to inflate wholesale prices, narrow the wholesale-retail price gap, and evade sharing of excess profits. This demonstrates the local regulatory authorities' determi…
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