Dec 01 - NDRC: Retail Electricity Price Increased by RMB 0.03, Contract Thermal Coal Price Gains Limited to Less Than 5%

Source: ChinaScope Financial (Data), CE.CN

+    The National Development and Reform Commission (NDRC) announced that from Dec. 1 electricity retail prices will increase at an average of RMB 0.03 per unit.

+    Contracted thermal coal price gains will be limited to less than 5%.

+    Residential electricity prices will remain unchanged.

+    The NDRC further announced plans of progressive power pricing.

+    Related Data: Power Generation, Consumption of Electricity by Sector, FOB Price of Qinhuangdao Q5500

+    Related Companies: Huaneng Power International (SSE:600011), Datang International Power Generational (SSE:601991), Huadian Power International (SSE:600027), GD Power Development (SSE:600795), SDIC Huajing Power (SSE:600886)

Information on Power Generation

Consumption of Electricity by Sector

Tendency of FOB Price of Qinhuangdao Q5500

For more data of independent power producers & Energy traders, please visit www.chinascopefinancial.com

Other News Headlines

• The CFLP PMI Drops to 49.0%, New Orders Fall Most Sharply
• Central Bank Lowers the RMB Reserve Ratio by 0.5 Percent
• Ministry of Finance: China’s 2011 Fiscal Revenue Will Exceed Budget Estimate
• CCB and ABC Welcomes New Bank Leaders

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us: newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here.