China’s top economic planning agency has acknowledged that electricity prices are too low for households and too high for businesses, signaling that residential power prices might be increased sometime in the future.
The National Development and Reform Commission’s (NDRC) statement, published Thursday in response to an online comment, did not say when or by how much prices might rise.
In China, residential customers have long paid below-cost prices for electricity, while industrial and business users have not, meaning that the latter have been subsidizing the former, the commission said.
