China coal-fired power companies on the verge of bankruptcy petition Beijing to raise electricity prices

The Beijing Electric Power Industry Association has joined 11 coal-fired power companies in petitioning authorities to raise electricity rates to avoid bankruptcy amid surging coal prices.Supply shortages have driven up coal prices in China and coal-fired power stations can only raise rates to accommodate increasing operational costs by as much as 10 per cent, with a large part of electricity prices fixed by the government.But last year, the National Development and Reform Commission, the…


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