China Increases Power Prices to Counter Coal Costs

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China, the world’s second-biggest energy user, raised electricity prices for the first time in more than a year to help power companies pass on the higher cost of coal.

China sets power prices to curb their impact on inflation and shield consumers from rising energy costs. The government is gradually helping generators cover the cost of coal that soared amid economic growth exceeding 10 percent. Higher prices may encourage use of cleaner fuels and equipment to cut pollution in a country that burns coal for two-thirds of its electricity.
Bloomberg