China adjusts gas and coal-fired generation power prices

• 11 years ago (2013-10-15)
• Junior Isles

Asia 940 North America 1044

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China will raise the energy price paid to power generators using natural gas in an attempt to encourage its uses as a cleaner fuel and address possible gas supply shortages, according to the National Development and Reform Commission (NDRC).

A notice on the NDRC’s website claimed that recent hikes in the price of natural gas had raised generation costs and required adjustment of power prices accordingly.

Specific price changes would be decided imminently on a provincial level, the notice indicated.

The notice also confirmed that coal-fired power prices have been cut in order to reflect the falling coal prices borne by generators.