China to Cut Coal-Fired Power Prices as Producers’ Costs Fall
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China said it will cut prices for electricity generated by coal-fired plants as part of efforts to lower companies’ operating costs and aid a struggling economy.
The wholesale charges will fall by an average of 0.02 yuan per kilowatt-hour, the State Council said in a statement, without saying when the change would take effect. Retail prices for commercial and industrial users will decline by 0.018 yuan per kilowatt-hour, it said.