China’s Richest Regions Cut Electricity Prices to Protect Industries
2025-01-08 10:05
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Wedoany.com Report-Jan 8，More Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on profits at power suppliers.
The richest coastal provinces have reduced their benchmark thermal power prices by about 10% from last year, according to a briefing by UBS Group AG this week. The bank expects power demand for coal, the country’s mainstay fuel, to fall by 4% in 2025.
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