UTC+8 ( BJT)

China power houses can raise charges starting Oct 15

ABSTRACT

China’s coal-fired power houses will be allowed to execute the 20% fluctuation in their charges against the base price to non-essential use starting October 15, according to an announcement by China's National Development and Reform Commission (NDRC) announced on October 12, which is just one week after the remarks by the Chinese Premier Li Keqiang at the State Council executive meeting on October 8 to help ease power supply crunch in China.
The new fluctuation limit, thus, will abolish the existing pricing scheme since 2019 that is with a maximum discount at 15% or the increment at 10% at the most, and the charges to China’s energy-intensive enterprises including non-ferrous metal smelters and steelmakers are limitless, as reported. The new pricing is expected to more accurately and

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