China Raises Industrial Power Prices in 15 Provinces to Help Ease Shortage

[phantom power]

China will raise electricity prices for industrial users in 15 provinces starting June 1, the first increase in more than a year, an official at the National Development and Reform Commission said.

Prices paid by residential users will remain unchanged, the official said by telephone from Beijing today, declining to be identified because the economic planning agency hasn’t released a statement on the decision yet. Li Puming, a spokesman at the NDRC, declined to comment when contacted by Bloomberg News.

http://www.bloomberg.com/news/2011-05-30/china-raises-industrial-power-prices-in-15-provinces-to-help-ease-shortage.html