By Wang Ying
Jan. 14 (Bloomberg) -- Power prices in China, the world's second-biggest consumer of energy, may fall this year because of slower economic growth, an official with the State Electricity Regulatory Commission said.
Some provinces have already cut prices, Huang Shaozhong, deputy director of the commission's department of tariffs and financial regulation, said in a telephone interview in Beijing today. Power prices will rise over the long term, Huang added.
Power demand and output in China will continue to fall this year, the commission said Jan. 12.
To contact the reporter on this story: Wang Ying in Beijing at ywang30@bloomberg.net.
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