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China Raises Commercial Power Prices To Ease Outages

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http://en.21cbh.com/HTML/2011-6-1/4NMjM1XzIxMDI4NQ.html

China will raise prices for electricity used for industrial, commercial and agricultural purposes to curb demand from energy-intensive industries and encourage power generators to increase electricity supplies.

Prices for non-residential users in 15 provinces will be raised by an average RMB 16.7 per megawatt-hour, while prices for residential users will remain unchanged, according to an unnamed official at the National Development and Reform Commission, China’s top economic planning agency.

Prior to that, the country’s on-grid power tariffs were raised in 12 provinces by an average RMB 20 per megawatt-hour on April 10.

.......

CEC data show China’s industrial power consumption in the first four months amounted to 1071.6 billion kilowatt-hours, up 12% from a year earlier. In April, daily average power usage of the manufacturing sector reached 7.3 billion kilowatt-hours, breaching the monthly record of 7 billion kilowatt-hours for the first time.

Chemical, construction material, steel and non-ferrous metal refining consumed a combined 481.3 billion kilowatt-hours, up 11.6% year-on-year, according to the data, reflecting the rebound in the consumption of energy-intensive industries.

In many regions in Zhejiang, one of China’s most industrialized provinces, power supplies are being strictly controlled and many factories are taking a 1 day break after every 3 days of operation to reduce demand for electricity.

“Releasing the production capacity of high energy-consuming enterprises has intensified the power shortage,” said Yang Janhua, a professor at the Zhejiang Academy of Social Sciences.

In the first quarter, Zhejiang’s fixed asset investment advanced 29% on a yearly basis, with the added-value of heavy industry up 13.7% and electricity usage in the chemical and non-ferrous industries up 20%.

Does this translate into a large increase? The first section of the article talks in megawatt hours then the second half talks of kilowatt hours (admittedly in billion kilowatts). It's hard to work out if this is a big increase or a token one trying to make out the Chinese govt are in control.

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http://en.21cbh.com/HTML/2011-6-1/4NMjM1XzIxMDI4NQ.html

Does this translate into a large increase? The first section of the article talks in megawatt hours then the second half talks of kilowatt hours (admittedly in billion kilowatts). It's hard to work out if this is a big increase or a token one trying to make out the Chinese govt are in control.

Eleccy costs in the NW parts of the country were about 400 RMB/Mwh in early 2011, so if prices have risen by 20RMB/Mwh and now a further 16RMB/Mwh, I guess that's not far off a 10% rise in price since April.

Edited by cheeznbreed

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Eleccy costs in the NW parts of the country were about 400 RMB/Mwh in early 2011, so if prices have risen by 20RMB/Mwh and now a further 16RMB/Mwh, I guess that's not far off a 10% rise in price since April.

Thanks for the info, it puts it into a bit of context.

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  • 276 Brexit, House prices and Summer 2020

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