Power Companies Push to Link Price of Domestic Power to Coal
Published:
2011-04-01
An unnamed official from the National Development and Reform Commission (NDRC) has denied the central government is planning to link the price of domestic energy supply to coal in the near future, despite repeated lobbying from China’s five state-owned power groups and the China Electricity Council. Currently, 236 of the 436 thermal power companies that operate under the control of the five big state-owned power groups, suffered losses in 2010 and 85 of them are on the edge of bankruptcy due to the disconnect between the price of coal and energy prices. Worries about the effect of an increase in the price of electricity on CPI growth, is said to be staying the hand of central government policy makers.
Source
China Securities Journal
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