No electricity rate hike expected
By Zhang Qi | China Daily | Updated: 2010-05-26 07:46
BEIJING - China's electricity prices will not ramp up in the near term, even though the government is under huge pressure due to rising coal prices, a senior official said on Tuesday.
"Now the Consumer Price Index (CPI) is fairly high, so raising electricity fees will not be proper," said Jiang Zhimin, vice-chairman of the China National Coal Association.
Coal prices will remain at the current level, and are not expected to fluctuate much in the second quarter, he said.
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