Thursday, March 15, 2012

China plans to use tiered power pricing for residential power consumptions

During the NPC and CPPCC Chinese government declare that they plans to use tiered power price to instead of the uniform rates for residential electricity users. Currently, the electricity price to consumers is far lower than the marginal cost of power generation. Many projects have been implemented for commercial and industrial consumers. However, because the consumption of residential consumers only takes a small proportion of the total electricity consumption, there is no particular policy for residential consumption management. This is the first national-wide particular management for reducing residential energy consumption.

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