China's top banking and insurance regulator has released a circular on strengthening financial support for coal and electricity production and maintaining order in the commodity market.

China will take key measures to ensure stable energy supplies this winter and next spring, the country's top economic regulator said on Wednesday.

Electrical consumption reached more than 525.27 billion kilowatt-hours in the first eight months this year, up 17.33 percent year-on-year.

At the same time, the supply of hydropower and wind power decreases in winter, and cannot fill the gap left by the reduction in thermal power.

No matter how acute the emissions reduction pressure is, coal and coal-fired electricity are still necessary.

Work teams have been dispatched to Beijing, Tianjin, Hebei, eastern Inner Mongolia, Heilongjiang and Hunan, the National Energy Administration (NEA) said.

Iron ore price up despite Chinese power curbs

"As more measures are expected from the authorities to secure power coal supplies and frustrate the coal price surge, the situation will be reversed."