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China announces price hikes of electricity for non-resident use

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

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 (0.4 US cents) per kilowatt hour on average nationwide, as of Friday.

Related readings:  China to hike wholesale hydropower electricity price  China's output of electricity up 9.3% in August  Three Gorges project generates 300b kwh of electricity

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.