China raises electricity tariff by 16.7 yuan

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Electricity prices for residential use remained unchanged, the National Development and Reform Commission (NDRC) said Monday.

The move is intended to ease regional power shortages, restrain the development of energy-guzzling industries and ensure a steady supply of electricity for residential use, according to the commission.

The rise will have a limited impact on the country's consumer price index (CPI), a main gauge of inflation, which rose 5.3 percent year-on-year in April, well above the government's annual inflation control target of 4 percent, according to the NDRC.

Shanxi Province, the country's leading coal producer, saw the largest price increase. Prices of electricity there rose by 24 yuan per 1,000 kwh, compared with a rise of 4 yuan per 1,000 kwh in southwest China's Sichuan Province.

Copyright APP (Associated Press of Pakistan), 2011

 

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