Beijing’s electricity costs will increase by 3 fen per kilowatt-hour, representing an average monthly increase of about 3 yuan per household. (US$1=8.27 yuan). The China Daily said the increase is below what many residents had feared as authorities were mindful of the need to keep inflation down. The city recently raised its water charges by…
CHINA: Revenue from electricity price hike to be used to upgrade Beijing’s power grid
Posted on September 10, 2004 by EnergyAsia