Chinese regulators' decision to include all coal-fired power generators and commercial and industrial (C&I) users in market trading is a key step towards power market liberalisation, Fitch Ratings says. The widening of the trading price's floating band will also mitigate earnings pressure from surging coal prices for China's power generation companies (gencos). The National Development and Reform Commission (NDRC) issued a notice allowing the market trading price of coal-fired power in sales contracts signed between gencos and users or distributors to be raised or lowered by up to 20% of the benchmark on-grid ... (full story)