China's top economic planning agency, the National Development and Reform Commission published late Thursday the full breakdown of the electricity price hike that it announced earlier this week, which included increasing prices for electricity generated by natural gas-based and hydro power plants.
On Monday, the NDRC announced that prices for electricity used for industrial, commercial and agricultural purposes in some regions will be raised, while electricity prices for residential users would remain unchanged.
In a statement detailing the price hike for the different regions on Thursday, the NDRC said that gas-fueled power plants in Beijing, Shanghai, Jiangsu and Zhejiang will be raised.
For Beijing, electricity prices for gas power generators will be increased by Yuan 0.01/kWh, while electricity prices for gas power plants in Shanghai, Jiangsu and Zhejiang will be hiked by Yuan 0.036/kWh.
Hydropower prices will also be raised by between Yuan 0.1612 and Yuan 0.39 per kWh.
The commission said the price increases are effective Wednesday.
The price increases are designed to ease regional power shortages, restrain the development of energy-intensive industries and ensure a steady supply of electricity for residential use, the NDRC said earlier this week.
