China approved the prices for direct electricity purchases between consumers and generators in three provinces as part of its plan to make the electricity industry more market-based.
Under the tariffs approved by the National Development and Reform Commission, users can buy electricity from producers instead of grid companies at 0.119 yuan (1.7 U.S. cents) a kilowatt-hour in the eastern Zhejiang province, 0.129 yuan a kilowatt-hour in Jiangsu and 0.113 yuan a kilowatt-hour in Chongqing, the State Electricity Regulatory Commission said. The prices exclude transmission costs.
China’s largest producers include Datang International Power Generation Co. and Huaneng Power International Inc. (902) Aluminum Corp of China Ltd. is among the biggest industrial consumers of electricity.
--Wang Ying in Shanghai. Editors: Jonas Bergman, Jeffrey Donovan
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