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Coal producers also should step up efforts to ensure coal supplies, the meeting said.

Rising coal prices in China are likely to ease gradually after the winter heating season concludes.

Indonesia is seeking 8.58 billion U.S. dollars in investment to shut down a number of coal-fired power plants as the country is currently expediting the transition into green energy.

Supramax demand strong on Indonesia-India coal route despite Panamaxes proving cheaper

The coal storage in China's power plants reached 165 million tons, up 40 million tons year-on-year, the NDRC said.

As the country's gross domestic product exceeded 114 trillion yuan ($18 trillion) last year, its ability to combat risks and shocks has further increased.

BHP adjusts copper and coal expectations

Meanwhile, domestic coal supply capacity will be enhanced in 2022 as relevant government departments increase production capacity, they said.