Wenxun: In 2012, residents' ladder price reform plan will be implemented

On the morning of March 5th, the fifth session of the Eleventh National People's Congress was opened at the Great Hall of the People, and Wen Jiabao, Premier of the State Council, was given a government work report to review the annual plan report and the budget report.

Wen Jiabao said that in 2012 it is necessary to deepen price reforms. We will steadily push forward the ladder price reform, implement the residents' ladder price reform plan, and improve the pricing mechanism for hydropower, nuclear power and renewable energy.

Wen Jiabao said that it is necessary to gradually straighten out the coal price relationship. We will improve the reform of refined oil prices and promote the reform of natural gas prices. Implement the most stringent water resources management system, rationally formulate and adjust water resource fee collection standards throughout the country, and promote comprehensive reform of agricultural water pricesâ€”exhibition of carbon emissions and emission rights trading. Accelerate the establishment of a sound ecological compensation mechanism.

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