The first priority of this year's Government Work Report was to use reform to further promote the "three cuts, one reduction and one improvement". The Executive meeting of the State Council held on May 17 made it clear that related enterprises should be further reduced in service charges and logistics energy costs, so as to help enterprises reduce burden. Since the second quarter, the energy and power sectors have introduced a new set of policies and measures to reduce fees, and new progress has been made in supply-side structural reform.
The surcharge on city utilities was lifted in April; Since June, the electricity price for repaying loans on electrified railways has been cancelled. The liquidation of additional subsidies for renewable energy electricity prices was launched recently. Transmission and distribution price reform to achieve full coverage of provincial power grid... We have introduced a series of measures to reduce energy costs, and in accordance with the principle of "keeping to the right path of saving and using resources for the well-off," we will do everything possible to further reduce burdens and reduce fees.
City utilities surcharge cancels electricity price cut one point one
In this year's Government Work Report, we will comprehensively clean up and standardize government-managed funds, eliminate urban public utility surcharge and other funds, and authorize local governments to waive or exempt some funds on their own.
According to newly released by the Ministry of Finance on the relevant policy, adjusting part of the governmental fund cancellation notice, on April 1, urban public utilities has a more than 50 years of additional cancelled, outstanding or prepay government-managed funds, previous relevant funds unit shall levy or cleared in full, and according to the regulations of the financial department of the channel to the state Treasury in full, or retreat more fill less.
The move is seen as a firm implementation of a clear policy combination. It is reported that the policy will reduce the average price of electricity in China by one point and one centimetre per kilowatt-hour. Based on the electricity sold nationwide, it will save the whole society about 35 billion yuan of electricity cost.
Lu Dong, director of the pricing department of the State Grid Corporation of China, said there are seven government-managed funds and additional funds attached to the electricity price, which are directly levied on users
