Shanghai to use price measures to regulate high-energy consuming industries

12:55, May 31, 2010      

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The Shanghai municipal government will cancel the power price discount for energy-intensive enterprises starting on June 1, officials announced on May 28.

Shanghai authorities will impose a differential electric price policy on eight energy-intensive industries.

The government will increase electric prices of restricted enterprises from 0.05 yuan per kilowatt-hour to 0.15 yuan per kilowatt-hour and prices for elimination enterprises from 0.2 yuan per kilowatt-hour to 0.4 yuan per kilowatt-hour, which will be phased in over two years.

The government also will use punitive price policies on those energy-intensive enterprises which exceed the national and local limited quantity quota.

It is reported Shanghai has achieved 84 percent of the GDP energy-saving goal of the 11th five-year plan. To fulfill the target for this year, the Shanghai government requires that energy-intensive industries limit the growth of energy consumption to 5 percent. These industries include transportation, petroleum processing, chemical, steel, rubber and building materials.

By People's Daily Online

(Editor:祁澍文)

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