Higher power prices for energy-intensive sector

14:27, May 18, 2010      

Email | Print | Subscribe | Comments | Forum 

China will raise power tariff surcharges for some energy-intensive firms by 50 to 100 percent from June 1, in renewed efforts to curb expansion in energy-guzzling and polluting industries.

For firms that fall into the restricted category, power surcharges will rise to 0.1 yuan per kilowatt hour (kWh) from 0.05 yuan previously, while those under the to-be-eliminated category will see their power price surcharges rise to 0.3 yuan per kWh from 0.2 yuan in the past, the National Development and Reform Commission (NDRC) said in a report posted on its Web site last week.

These firms are mainly in the aluminium, cement, steel, zinc, ferroalloy, calcium carbide and sodium hydroxide sectors.

Local governments and power suppliers must cancel any ongoing favorable power prices to aluminium, ferroalloy and calcium carbide makers at a designated date, and any preferential power rates in the name of direct trade between power generators and power users but without any approvals must be halted immediately, the report said.

It sourced a joint notice by the NDRC, State Electricity Regulatory Commission and National Energy Administration.

The government had asked local governments and power firms to cease preferential power price treatment to energy intensive sectors in the past, but the calls were loosely followed as local governments wanted to boost their economic output and increase fiscal revenues.

The policies were mostly ignored since late 2008 when the economy was roiled by the global slowdown.

Source: Shenzhen Daily

(Editor:黄硕)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 26, a resident passes by a flower terrace decorated for the coming National Day. (Xinhua/Hang Xingwei)
  • The photo, taken on Sept. 26, shows the SWAT team ready for the joint exercise. (Xinhua/Wangkai)
  • Two metro trains in Shanghai collided Tuesday afternoon, and an identified number of passengers were injured in the accident, the Shanghai-based eastday.com reported. Equipment failures were believed to have caused the crash on the Line 10 subway, Xinhua quoted local subway operator as saying.
  • An employee at a gold store in Yiwu, located in east China's Zhejiang province, shows gold jewelry on Monday.(Xinhua/Zhang Jiancheng)
  • Tourists ride camels near China's largest desert lake Hongjiannao in Yulin, north China's Shaanx Province, Sept. 24, 2011. Hongjiannao is shrinking as a result of climate change and human activities, and may vanish in a few decades. Its lake area, which measured more than 6,700 hectares in 1996, has shrunk to 4,180 hectares. Its water level is declining by 20-30 centimeters annually and its water PH value has risen to 9.0-9.42 from 7.4-7.8. (Xinhua/Liu Yu)
  • Actors perform royal dance at the Gyeongbok Palace in Seoul, Sept. 27, 2011. A ceremony commemorating the 38th South Korea Sightseeing Day was held in Gyeongbok Palace on Tuesday. (Xinhua/He Lulu)
Hot Forum Discussion