China Scraps Preferential Power Rates for Energy-Intensive Firms
On August 6, 2010, GOV.cn reported that preferential electricity rates granted by 22 provincial governments for high energy-consuming businesses have been totally scrapped. All energy-intensive enterprises must be subject to the new power tariff surcharges introduced in May, said the…
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National Development and Reform Commission in a statement posted on its website. The news comes three days after Chinese statistics authorities said China's consumption of energy relative to economic output rose in the first half by 0.09 percent from the same period last year. "This points to the difficulty of the country reaching its target of improving energy efficiency by 20 percent between 2005 and 2010," said Li Zuojun, researcher of energy policies at the Development Research Center of the State Council.