China's electricity market reforms drive shift from fixed to market-based pricing, revolutionizing power generation and purchase.
The article talks about how China is changing the way it sets prices for buying and generating electricity. Before, fixed tariffs decided prices, but now they are moving towards using market-based methods more often. The study looks at how this shift is happening and categorizes the different ways electricity is purchased and generated in China. The main point is explaining why this marketization is important for China's electricity sector.