Shaanxi requires power companies to stop generating power for price reasons

The Provincial Price Bureau issued a “Circular on Relevant Issues Concerning the Maintenance of Coal Power Price Stability in Shaanxi Province”, which requires coal production and transportation in the province to be linked to the annual power coal contract next year. The price is maintained at the level of 2010. All state-owned key coal mines and local coal mines No increase may be made. Coal and power companies may not stop supplying coal or stop generating electricity on the grounds of inconsistent price negotiation.

In order to further stabilize coal prices in Shaanxi Province and ensure the normal supply of electric coal and normal production of power plants, the Provincial Price Bureau requires that all state-owned coal mines and local coal prices must not increase next year, and coal and power generation companies must ensure the normal supply of coal power. Coal companies must increase the rate of fulfillment of coal contracts and ensure the normal supply of electric coal; power generation companies must strive to improve efficiency, tap potential and reduce consumption, and maintain the normal operation of power plants. Coal, power companies, and industry associations must not stop supplying coal or stop generating electricity on the grounds of inconsistent pricing negotiations in the current tight supply of the coal market.

The Provincial Price Bureau requires that the competent pricing departments at all levels should focus on investigating violations of the contract provisions, arbitrarily raising prices, and disguised price hikes by reducing coal quality, shoddy and other fraudulent means, and not implement the power coal supply contract. The behavior of the contract coal as a key contract for market coal sales increased penalties and resolutely stopped and corrected various price violations. The public is exposed to typical cases of severe nature and serious circumstances.

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