Chinese State Electricity Regulatory Commission Goes into Operation

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Last updated at: (Beijing Time) Wednesday, March 26, 2003

Chinese State Electricity Regulatory Commission Goes into Operation

China's State Electricity Regulatory Commission (SERC) officially has officially gone into operation, Chai Songyue, the commission's chairman, announced on Tuesday.

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China's State Electricity Regulatory Commission (SERC) officially has officially gone into operation, Chai Songyue, the commission's chairman, announced on Tuesday.

Chai said the commission was a law enforcement agency directly under the State Council of China. It was responsible for supervising and regulating market competition in the electricity industry.

It will also issue licenses to operators in the industry, monitor their operations and hold them to account for violations of pricing and competition rules, Chai said.

The SERC was established by the Chinese government in December last year. It is the first government-sponsored regulatory agency in the primary industry sector. It has seven departments, employing more than 60 staff.

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