China has announced a plan to link electricity tariffs for natural-gas-fired power plants with gas prices, in a bid to help operators cope with fuel costs. The National Development and Reform Commission announced on Wednesday that it will introduce benchmark electricity tariffs for new gas-fired power plants as well as gas-fired plants used for peak shaving, with the tariffs to be set by each province. Local governments will take into account the cost of gas-fired power generation as well as affordability of customers in making their pricing decisions. Existing gas-fired power plants will gradually adopt the new pricing structure, the commission said. Article continues below… International Gas Report is a biweekly report that intelligently analyzes what is happening in the natural gas industry, improving your vision and sharpening your competitive edge. Through its unrivalled network of global correspondents, it covers the whole gas chain, […]