TITLE

China aids power firms

AUTHOR(S)
Kovac, Matt
PUB. DATE
July 2006
SOURCE
ICIS Chemical Business;7/10/2006, Vol. 1 Issue 27, p13
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the move by the Chinese government to raise the price of electricity in the country in July 2006. The National Development and Reform Commission, the authority in charge of China's power rate, announced that the industrial power rate will increase by $0.04/kWh, while the rise for residential tariff use will vary for different areas. The rise was made under a government mechanism that pegs the cost of power to the market price of coal.
ACCESSION #
22735884

 

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