State Electricity Regulatory Commission (SERC, Chinese: 国家电力监管委员会; pinyin: guójiā diànlì jiānguǎn wěiyuánhuì) is a government agency responsible for administration and regulation of the electricity and power industry. This includes regulating the development of electricity markets, advising the National Development Reform Commission on the setting tariffs, while NDRC actually sets the tariffs, transmission, distribution, safety standards, technical standards, business licenses, environmental laws and development of the industry. Its functions were later folded into the National Energy Administration.