New Energy
China Cracks Down on Rising Solar Prices Amid Disruptions
- Polysilicon prices have surged to highest in a decade
- Government agencies target price gouging and hoarding
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China stepped up efforts to crack down on surging prices of solar materials as high costs threaten to slow installations as the country accelerates its clean power build-out.
Three central government agencies asked local authorities to “rigorously crack down” on illegal actions in the solar industry such as price gouging and monopolistic behavior, according to a notice jointly issued by the Ministry of Industry and Information Technology, State Administration for Market Regulation, and National Energy Administration.