National Energy Administration: China has established a relatively complete energy production, supply, storage and sales system, as well as a mechanism for ensuring stable prices and supply.
Wang Hongzhi, member of the Party group of the National Development and Reform Commission and director of the National Energy Administration, said at a series of themed press conferences on "high-quality completion of the 14th Five-Year Plan" held by the State Council Information Office on August 26 that China has established a relatively complete system for energy production, supply, storage, and distribution, as well as a mechanism to ensure supply stability and price stability. The country's energy reserve capacity has steadily increased, and the national network for oil and gas has accelerated formation. The resource allocation and regulation functions of the national power grid have been fully utilized, with the completion of a number of inter-provincial electricity assistance projects and support adjustment power sources. The response capability of power users is gradually being released. In recent years, in the face of frequent international geopolitical conflicts and significant fluctuations in global energy supply and demand, China's energy supply and demand and civilian energy use have remained stable and orderly.
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