home feedback about us  
       
    CHINAGATE.OPINION.Energy    
    Agriculture  
    Education&HR  
    Energy  
    Environment  
    Finance  
    Legislation  
    Macro economy  
    Population  
    Private economy  
    SOEs  
    Sci-Tech  
    Social security  
    Telecom  
    Trade  
    Transportation  
    Rural development  
    Urban development  
         
         
     
     
    Price control cannot ensure energy supply


    2006-01-20
    China Daily

    Though policy-makers made clear their intent to allow energy prices to rise, the increase in liquefied natural gas (LNG) in South China since the end of last year is stretching their patience to the limit.

    Last month a regulation strengthening price control was issued by the State Development and Reform Commission the country's pricing authority  to curb LNG price hikes.

    But government efforts have not stopped gas prices from soaring. In Guangzhou the cost of a 15-kilogram bottle of LNG has risen to 115 yuan (US$14) from 95 yuan (US$12) since the beginning of this year.

    Worse, a shortage of bottled LNG has become a pressing problem for many cities in South China. Local retailers are reducing their supply to minimize losses as rising wholesale prices cancel out almost all of their profits.

    Undoubtedly the ongoing short supply of LNG reminds us of the similar oil crisis that hit the same region last year.

    At that time it was the unprecedented long queues of cars at empty pumps that shocked the pricing authorities into taking action. Large State-owned oil companies were banned from exporting and urged to increase the domestic supply.

    The oil panic was resolved, but at a dear price. Simply compensating for the "loss" a domestic oil giant suffered by selling oil at home for less than international prices cost the government more than 10 billion yuan (US$1.2 billion).

    This sort of government subsidy of a very rich State-owned company is surely open to question.

    As a closely-related energy market is experiencing a similar situation, policy-makers should think twice before wading into price intervention once again.

    The underlying reason the country wants to introduce an energy pricing system driven more by market forces is to encourage energy saving and the use of clean, alternative energy sources.

    Higher energy prices will raise economic incentives for more efficient energy use. At the same time they will make the use of clean, alternative energy sources commercially viable.

    The promotion of the use of LNG, a clean energy compared to coal, which accounts for two-thirds of China's energy supply, is an integral part of the country's new energy strategy.

    Nevertheless, futile efforts at price control and the worsening shortage of LNG have been discouraging consumers from embracing this clean energy.

    Policy-makers' attempts to resist the upward pressure soaring international energy prices exert on domestic energy prices is understandable. The effects of a substantial increase in energy prices will be felt in every corner of the national economy, but many sectors are far from prepared.

    It is true the impact of energy price adjustments will be felt unevenly by various groups. It will also take time for all of these groups to absorb the energy price shock.

    But that is not an excuse for delaying necessary pricing reforms. To facilitate such reforms, government support should first be promptly delivered to the underprivileged.

    That six provinces in South China have recently adopted temporary fuel subsidies for low-income families is a positive step towards adapting local economies to rising energy prices.

    If the country is to accept higher energy prices as a precondition of making the economy more energy efficient, the government should set aside more of its support for those that are more vulnerable to such price hikes.

     
     
         
      print  
         
      go to forum  
         
         
     
    home feedback about us  
      Produced by www.ttav89.com. All Rights Reserved
    E-mail: webmaster@chinagate.com.cn
    无码AV波多野结衣久久| 色综合久久中文字幕无码| 日本一区二区三区精品中文字幕| 亚洲AV无码一区东京热| 亚洲AV中文无码字幕色三| 国产a级理论片无码老男人| 无码乱肉视频免费大全合集| 久久精品人妻中文系列| 国产精品无码一区二区在线 | 亚洲中文字幕一二三四区苍井空| 性无码免费一区二区三区在线| 亚洲一区二区中文| 亚洲不卡无码av中文字幕| 国产精品亚洲аv无码播放| 岛国无码av不卡一区二区| 狠狠精品久久久无码中文字幕| 亚洲精品一级无码中文字幕| 国产免费无码一区二区| 亚洲AV日韩AV永久无码免下载| 暖暖免费中文在线日本| 中文字幕在线最新在线不卡| 中文字幕一精品亚洲无线一区| WWW插插插无码视频网站| 亚洲AV无码专区国产乱码电影| 中文字幕九七精品乱码 | 中文字幕日韩第十页在线观看| 中文字幕乱码久久午夜| 伊人久久一区二区三区无码| 少妇无码太爽了不卡视频在线看| 国产成人午夜无码电影在线观看 | 无码人妻一区二区三区精品视频| 国产精品无码免费播放| 少妇中文无码高清| 中文无码vs无码人妻 | 天堂在线中文字幕| 天堂8а√中文在线官网| 最近最好最新2019中文字幕免费| 亚洲毛片网址在线观看中文字幕| 韩国三级中文字幕hd久久精品| 中文字幕永久一区二区三区在线观看| 久久五月精品中文字幕|