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China hikes electricity price for non-residential use

(Xinhua)
Updated: 2009-11-19 16:26

BEIJING: China's National Development and Reform Commission (NDRC), the country's top economic planning agency, announced Thursday to raise the price of electricity for non-residential use by 2.8 cents (US$0.4 cents) per kilowatt hour on average nationwide, as of Friday.

Related readings:  Average electricity price to rise 0.028 yuan in China: NDRC  Two 10m-ton steel projects postponed to curb overcapacity: NDRC  Growth goal 'no problem': NDRC

Residential electricity prices would not be raised this time. However, they would be charged on a progressive basis in the future, which means prices increase with consumption, according to the NDRC.

China's power consumption in October rose 15.87 percent year on year to 313.42 billion kilowatt-hours, up for the 5th consecutive month since June.