It is reported that State Grid Corporation of China is carrying out a large-scale salary reduction, with the biggest drop of 30% of the overall salary. The scope of this salary reduction is from the head office to the provincial power grids and power plants, and all employees who basically implement the annual salary system are within the scope of salary reduction.
Some people in the power industry told reporters that the loss of the State Grid may be mainly due to the unilateral increase in the on-grid price of thermal power last year, and the increase in subsidies for desulfurization and price increase of power grid enterprises. In addition, the sharp decline in profits was also affected by the slowdown in the growth of electricity sales.