Thursday, March 8, 2012

China to roll out tiered residential power pricing

China plans tiered power pricing for homes in H1 -paper
- Reuters

A government official was reported to have said that China is planning to begin a tiered power pricing program for residential power users in an effort to ease tight power supplies. Peng Sen, deputy director of NDRC, reported that a proposal for charging higher tariffs on power to heavy users has been approved by the State Council. "Experts" say that as residential users account for a relatively small amount total consumption this will do little to "ease power producers' pain."

~Ryan Triolo

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