China’s Zhejiang Plans Punitive Power Prices to Curb Demand
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China will impose punitive power prices on businesses that exceed consumption limits in Zhejiang province, a manufacturing hub bordering Shanghai, to curb demand during an expected electricity supply shortfall this summer.
The provincial government has set power consumption limits on 44 industries including electricity generation, cement and dyeing businesses, according to a statement on its website yesterday, which didn’t give a full list.