China’s Energy Focused on Renewable Sources

Beijing, China [Asia Pulse/XIC] China’s top economic planning body, the National Development and Reform Commission (NDRC), announced at the end of June a plan to raise consumer electricity rates by the equivalent of 2.5 US cents per kilowatt-hour. A tiny fraction of the additional charge, or 0.1 cent per kilowatt-hour, will be used to develop renewable energy, a senior NDRC official said weeks later. … The practice complies with the principle enshrined in the Renewable Energy Law that the extra costs of renewable energies should be shared by all end users of electricity across the country.

No posts to display