Off the wire
• Indonesia to inject funds into state firms  • Housing supply in HK to increase: chief executive  • Gunmen kill Yemeni military officer  • Roundup: HK stocks close 0.99 pct higher  • Cambodian PM thanks U.S. for equal treatment for Cambodian expats  • Starters of Qatar against Iran in Asian Cup  • Foreign exchange rates in Hong Kong  • China starts "toilet revolution" at tourist sites  • DeRozan returns from injury to lead Raptors over Sixers  • Delta to open direct airway between LA, Shanghai  
You are here: 　 Home

China starts new electricity distribution pricing system

Xinhua, January 15, 2015 Adjust font size:

China's top economic planner unveiled the country's new electricity distribution pricing system on Thursday as they look to reform the sector.

The southern city of Shenzhen was the first to launch the new pricing system, which began this year, said the National Development and Reform Commission (NDRC).

For every 1,000 kwh of electricity, the new electricity distribution price stands at 143.5 yuan (23.5 U.S. dollars) in 2015, lower than the 155.8 yuan in 2014. For 2016 and 2017, the new prices will be 143.3 and 142.8 yuan, respectively, according to the new pricing system.

The new pricing system aims to benefit power users, set up the cost-saving mechanism for power grid enterprises and promote the marketization of electricity, said the NDRC.

The NDRC has also approved the new distribution pricing system to be piloted in Inner Mongolia before expanding it to more areas in the country. Endi