Zhejiang province is the latest Chinese regional government to raise electricity prices and change peak-demand hours, the South China Morning Post reported on Thursday.
The news came after Beijing’s announcement it would liberalise electricity pricing in response to a growing power crisis. Zhejiang followed in the footsteps of Guangdong province, the southern manufacturing hub, which last month raised prices for industrial users by as much as 25% during peak demand.
China’s top economic planning agency, the National Development and Reform Commission, said last week it would loosen the state-controlled power market, allowing industrial and commercial users to buy electricity at market prices.
Read the full story: South China Morning Post
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The post Zhejiang Province Raises Power Prices: SCMP appeared first on Asia Financial.
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